Ts&Cs apply
Forecasting: An Essential Introduction (Paperback)
  • Forecasting: An Essential Introduction (Paperback)

Forecasting: An Essential Introduction (Paperback)

(author), (author), (author)
Paperback 240 Pages
Published: 23/04/2019
  • In stock

Usually dispatched within 2-3 working days

  • This item has been added to your basket

Concise, engaging, and highly intuitive—this accessible guide equips you with an understanding of all the basic principles of forecasting

Making accurate predictions about the economy has always been difficult, as F. A. Hayek noted when accepting his Nobel Prize in economics, but today forecasters have to contend with increasing complexity and unpredictable feedback loops. In this accessible and engaging guide, David Hendry, Michael Clements, and Jennifer Castle provide a concise and highly intuitive overview of the process and problems of forecasting. They explain forecasting concepts including how to evaluate forecasts, how to respond to forecast failures, and the challenges of forecasting accurately in a rapidly changing world.
Topics covered include: What is a forecast? How are forecasts judged? And how can forecast failure be avoided? Concepts are illustrated using real-world examples including  financial crises, the uncertainty of Brexit, and the Federal Reserve’s record on forecasting. This is an ideal introduction for university students studying forecasting, practitioners new to the field and for general readers interested in how economists forecast.

Publisher: Yale University Press
ISBN: 9780300244663
Number of pages: 240
Dimensions: 216 x 140 mm


“As an introduction to forecasting for those interested in how economists typically think about forecasting, this book is excellent. Although framed as a non-technical introduction to forecasting, even experienced forecasters and econometricians would find joy in reading it.”—Leif Anders Thorsrud, Economic Record“For a non-technical guide to economic forecasting, there could be nothing better than Forecasting: An Essential Introduction by Jennifer Castle, Michael Clements and David Hendry. It is a crystal clear and intuitive explanation of what macroeconomic forecasts can and can’t do” – The Enlightened Economist"Very welcome and much needed." — Philip Hans Franses"A tidy and beautiful introduction to opportunities, pitfalls, and new directions in economic forecasting, reflecting the distilled wisdom of researchers at the frontier of their field." — Professor Francis X. Diebold, author of Elements of Forecasting"It's a topsy-turvy world, but we all must have a view on where it is headed: from the business owner hiring a new employee to the renter becoming a homeowner. Of course, there are accurate forecasts and off-base ones. Forecasting may not turn you into Warren Buffet, but it will ensure that you avoid a forecasting blunder." — Mark Zandi, Chief Economist of Moody's Analytics and author of Financial Shock and Paying the Price

You may also be interested in...

The Next 100 Years
Added to basket
Stumbling Giant
Added to basket
The Economist: Megachange
Added to basket
Losing Control
Added to basket
Added to basket
The Map and the Territory 2.0
Added to basket
Elliott Wave Principle
Added to basket
Going South
Added to basket

Please sign in to write a review

Your review has been submitted successfully.

env: aptum