Ebook: Macroeconomic Forecasting In The Era Of Big Data: Theory And Practice
Author: Peter Fuleky
- Genre: Economy // Econometrics
- Tags: Econometrics Macroeconomic Forecasting Big Data
- Series: Advanced Studies In Theoretical And Applied Econometrics Vol. 52
- Year: 2020
- Publisher: Springer
- Language: English
- pdf
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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