This paper illustrates the Support Vector Method for the classification problem with two and more classes. In particular, the multi-class classification Support Vector Method of Weston and Watkins (1998) is correctly formulated as a quadratic optimization problem. Then, the method is applied to...

Econometric models are a widely used and powerful tool in macroeconomic analysis and forecasting. Admittedly, their acceptance by the scientific community has had some hard times during the seventies and eighties: a general decline in the reputation of macroeconomics, the Lucas critique, and...