The issue of forecast aggregation is to determine whether it is better to forecast a series directly or instead … results, it is generally accepted that forecast aggregation is an empirical issue. Empirical results in the literature often … go unexplained. This leaves forecasters in the dark when confronted with the option of forecast aggregation. We take our …

Beyer, Doornik and Hendry (2000, 2001) show analytically that three out of four aggregation methods yield problematic … the choice of aggregation method. JEL Classification: C32, C42, E41 …