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Economic forecasting involves choosing simple yet robust models to best approximate highly complex and evolving data-generating processes. This poses unique challenges for researchers in a host of practical forecasting situations, from forecasting budget deficits and assessing financial risk to predicting inflation and stock market returns. Economic Forecasting presents a comprehensive, unified approach to assessing the costs and benefits of different methods currently available to forecasters
About the author
ALLAN TIMMERMANN is Professor of Economics at University of California, San Diego. He is on the editorial board of the Journal of Forecasting and Journal of Business and Economic Statistics. His research is concerned with modelling the dynamics and predictability of returns in financial markets. Professor Timmermann has held positions at Birkbeck College and the London School of Economics.
Summary
Economic forecasting involves choosing simple yet robust models to best approximate highly complex and evolving data-generating processes. This poses unique challenges for researchers in a host of practical forecasting situations, from forecasting budget deficits and assessing financial risk to predicting inflation and stock market returns. Economi
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"This book is an excellent and valuable one on economic forecasting for academics as well as practitioners. Specifically, the decision-theoretical approach employed by the book successfully conveys a new insight into the forecasting literature by making a clear connection between forecasting and decision-making. In addition, the book’s comprehensive arguments with numerous examples have no equal in other forecasting books."---Tatsuyoshi Okimoto, Economic Record
Report
"Economic Forecasting is a great book by two leaders in the field. Elliott and Timmermann present a complete and modern view of forecasting methods in economics, covering both traditional topics and the latest research in this area. It deserves a spot on every economist's bookshelf."--Andrew J. Patton, Duke University
