Skip to main content
SpringerLink
Log in
Palgrave Macmillan
Book cover

Evaluating Econometric Forecasts of Economic and Financial Variables

  • Book
  • © 2005

Overview

Authors:
  1. Michael P. Clements

    1. University of Warwick, UK

    View author publications

    You can also search for this author in PubMed   Google Scholar

Part of the book series: Palgrave Texts in Econometrics (PTEC)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (8 chapters)

  1. Front Matter

    Pages i-xiii
    Download chapter PDF

  2. Introduction

    • Michael P. Clements
    Pages 1-3

  3. Point Forecasts

    • Michael P. Clements
    Pages 4-45

  4. Volatility Forecasts

    • Michael P. Clements
    Pages 46-76

  5. Interval Forecasts

    • Michael P. Clements
    Pages 77-102

  6. Density Forecasts

    • Michael P. Clements
    Pages 103-123

  7. Decision-based Evaluation

    • Michael P. Clements
    Pages 124-142

  8. Postscript

    • Michael P. Clements
    Pages 143-145

  9. Computer Code

    • Michael P. Clements
    Pages 146-155

  10. Back Matter

    Pages 156-173
    Download chapter PDF
Back to top

Keywords

About this book

Financial econometrics is one of the greatest on-going success stories of recent decades, as it has become one of the most active areas of research in econometrics. In this book, Michael Clements presents a clear and logical explanation of the key concepts and ideas of forecasts of economic and financial variables. He shows that forecasts of the single most likely outcome of an economic and financial variable are of limited value. Forecasts that provide more information on the expected likely ranges of outcomes are more relevant. This book provides a comprehensive treatment of the evaluation of different types of forecasts and draws out the parallels between the different approaches. It describes the methods of evaluating these more complex forecasts which provide a fuller description of the range of possible future outcomes.

Authors and Affiliations

  • University of Warwick, UK

    Michael P. Clements

About the author

MICHAEL P. CLEMENTS is an editor of the International Journal of Forecasting, and has co-authored two books on economic forecasting as well as a number of papers in scientific journals. With David F. Hendry he edited A Companion to Economic Forecasting.

Bibliographic Information

  • Book Title: Evaluating Econometric Forecasts of Economic and Financial Variables

  • Authors: Michael P. Clements

  • Series Title: Palgrave Texts in Econometrics

  • DOI: https://doi.org/10.1057/9780230596146

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)

  • Copyright Information: Michael P. Clements 2005

  • Hardcover ISBN: 978-1-4039-4156-5Published: 21 January 2005

  • Softcover ISBN: 978-1-4039-4157-2Published: 12 January 2005

  • eBook ISBN: 978-0-230-59614-6Published: 21 January 2005

  • Series ISSN: 2662-6594

  • Series E-ISSN: 2662-6608

  • Edition Number: 1

  • Number of Pages: XIII, 173

  • Number of Illustrations: 6 b/w illustrations

  • Topics: Econometrics

Publish with us

Policies and ethics

Back to top

Search

Navigation