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selecting the best forecasting model class in finite samples of practical relevance. Flanking such a horse race by predictive …
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We suggest a theoretical basis for the comparative evaluation of forecasts. Instead of the general assumption that the data is generated from a stochastic model, we classify three stages of prediction experiments: pure non-stochastic prediction of given data, stochastic prediction of given data,...
Persistent link: https://www.econbiz.de/10010293709
selecting the best forecasting model class in finite samples of practical relevance. Flanking such a horse race by predictive …
Persistent link: https://www.econbiz.de/10011917383
forecasting model fails to improve predictive accuracy. …
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We suggest a theoretical basis for the comparative evaluation of forecasts. Instead of the general assumption that the data is generated from a stochastic model, we classify three stages of prediction experiments: pure non-stochastic prediction of given data, stochastic prediction of given data,...
Persistent link: https://www.econbiz.de/10005704195