. Analytical and simulation results uncover break scenarios where forecast combinations outperform the best individual forecasting … survey forecasts outperform the best model-based forecasts for a majority of macroeconomic variables and forecast horizons …. We also provide an analysis of the importance of model instability for explaining gains from forecast combination …

stock returns, we show that no single forecasting approach dominates uniformly. However, forecast combination and shrinkage …We develop novel forecasting methods for panel data with heterogeneous parameters and examine them together with … forecasting methods can perform better than forecasts based on individual estimates and demonstrate how gains in predictive …