Chang, Chia-Lin; Franses, Philip Hans; McAleer, Michael - Facultad de Ciencias Económicas y Empresariales, … - 2011
-replicable. . Learning from previous mistakes can affect both the replicable component of a model as well as intuition. If learning, and … component, which is replicable, as well as intuition (namely, expert knowledge possessed by a forecaster), which is non … approached. Otherwise, learning and forecast updates would be neutral. The paper proposes a methodology to test whether macro …