Skip to main content

Combining forecasts, encompassing and the properties of UK macroeconomic forecasts

Buy Article:

$47.00 plus tax (Refund Policy)

The idea of combining forecasts is of great interest to forecasters and a linear combination of different forecasts can be more accurate than any individual forecast. For model builders, forecast encompassing is a way of checking whether any extra important information is contained in forecasts from rival models. Efficient forecasts have errors which are unrelated to any information available when they are formed. Combinations of forecasts, forecast encompassing and efficiency tests can all be achieved by a restricted or unrestricted regression of outcomes on the separate forecasts. This paper links these three approaches and examines the implications for recent UK annual forecasts.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Document Type: Research Article

Publication date: 1997-11-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more