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Hardcover Forecasting Non-Stationary Economic Time Series Book
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ISBN: 0262032724

ISBN13: 9780262032728

Forecasting Non-Stationary Economic Time Series

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Format: Hardcover

Condition: Good

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Book Overview

Economies evolve and are subject to sudden shifts precipitated by legislative changes, economic policy, major discoveries, and political turmoil. Macroeconometric models are a very imperfect tool for forecasting this highly complicated and changing process. Ignoring these factors leads to a wide discrepancy between theory and practice. In their second book on economic forecasting, Michael P. Clements and David F. Hendry ask why some practices seem...

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