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Macroeconomic Forecasting in the Era of Big Data: Theory and Practice
Hardcover
Series: Advanced Studies in Theoretical and Applied Econometrics, Book 52
Business GeneralEconomicsDatabases
ISBN13: 9783030311490
Publisher: Springer Nature
Published: Dec 12 2019
Pages: 719
Weight: 2.64
Height: 1.56 Width: 6.14 Depth: 9.21
Language: English
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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