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Expert opinion versus expertise in forecasting

Franses, Philip Hans (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003780793

Does the FOMC have expertise, and can it forecast?

Franses, Philip Hans; McAleer, Michael; Legerstee, Rianne - 2008

Persistent link: https://www.econbiz.de/10003893359

Combining non-replicable forecast

Chang, Chia-Lin; Franses, Philip Hans; McAleer, Michael - 2010

Persistent link: https://www.econbiz.de/10003989610

Evaluating combined non-replicable forecasts

Chang, Chia-Lin; Franses, Philip Hans; McAleer, Michael - 2010 - Rev.

Macroeconomic forecasts are often based on the interaction between econometric models and experts. A forecast that is based only on an econometric model is replicable and may be unbiased, whereas a forecast that is not based only on an econometric model, but also incorporates an expert’s...