Macroeconomic Forecasting In The Era Of Big Data
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Macroeconomic Forecasting in the Era of Big Data
Author | : Peter Fuleky |
Publisher | : Springer Nature |
Total Pages | : 716 |
Release | : 2019-11-28 |
Genre | : Business & Economics |
ISBN | : 3030311503 |
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This book surveys big data tools used in macroeconomic forecasting and addresses related econometric issues, including how to capture dynamic relationships among variables; how to select parsimonious models; how to deal with model uncertainty, instability, non-stationarity, and mixed frequency data; and how to evaluate forecasts, among others. Each chapter is self-contained with references, and provides solid background information, while also reviewing the latest advances in the field. Accordingly, the book offers a valuable resource for researchers, professional forecasters, and students of quantitative economics.
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