Blaskowitz, Oliver; Herwartz, Helmut - In: International Journal of Forecasting 27 (2011) 4, pp. 1058-1065
It is commonly accepted that information is helpful if it can be exploited to improve a decision making process. In economics, decisions are often based on forecasts of the upward or downward movements of the variable of interest. We point out that directional forecasts can provide a useful...