Hassani, Hossein; Silva, Emmanuel Sirimal; Gupta, Rangan; … - Department of Economics, Faculty of Economic and … - 2014
This paper seeks to evaluate the appropriateness of a variety of existing forecasting techniques (17 methods) at … forecasting techniques are able to outperform the random walk at horizons of 1 and 9 steps ahead, and on average the Exponential … forecasting horizons. Moreover, we find that the univariate models used in this paper are able to outperform the Bayesian …