Chang, Chia Lin; Franses, Philip Hans; Mcaleer, Michael - In: Journal for Economic Forecasting (2012) 3, pp. 22-43
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 expert intuition,...
