Forecasting for Economics and Business

Knowledge of forecasting methods is among the most demanded qualifications for professional economists, and business people working in either the private or public sectors of the economy. The general aim of this textbook is to carefully develop sophisticated professionals, who are able to critically analyze time series data and forecasting reports because they have experienced the merits and shortcomings of forecasting practice.

Informationen zum Autor Gloria Gonzalez-Rivera, University of California Riverside, USA Klappentext Knowledge of forecasting methods is among the most demanded qualifications for professional economists, and business people working in either the private or public sectors of the economy. The general aim of this textbook is to carefully develop sophisticated professionals, who are able to critically analyze time series data and forecasting reports because they have experienced the merits and shortcomings of forecasting practice. Inhaltsverzeichnis 1. Introduction and Context 2. A Review of Basic Statistics Concepts and the Linear Regression Model 3. Statistics and Time Series 4. Tools of the Forecaster 5. Understanding Linear Dependence: A Link to Economic Models 6. Forecasting with Moving Average (MA) Processes 7. Forecasting with AutoRegressive (AR) Processes 8. Forecasting Practice: Modeling San Diego House Price Index 9. Assessment of Forecasts and Combination of Forecasts 10. Forecasting the Long Run: Deterministic and Stochastic Trends 11. Forecasting with a System of Equations: Vector AutoRegression 12. Forecasting the Long Run and the Short Run Jointly: Cointegration and Error Correction Models 13. Forecasting Volatility I 14. Forecasting Volatility II 15. Financial Applications of Time-varying Volatility 16. Forecasting with Nonlinear Models

Autorentext

Gloria Gonzalez-Rivera, University of California Riverside, USA

Inhalt

1. Introduction and Context 2. A Review of Basic Statistics Concepts and the Linear Regression Model 3. Statistics and Time Series 4. Tools of the Forecaster 5. Understanding Linear Dependence: A Link to Economic Models 6. Forecasting with Moving Average (MA) Processes 7. Forecasting with AutoRegressive (AR) Processes 8. Forecasting Practice: Modeling San Diego House Price Index 9. Assessment of Forecasts and Combination of Forecasts 10. Forecasting the Long Run: Deterministic and Stochastic Trends 11. Forecasting with a System of Equations: Vector AutoRegression 12. Forecasting the Long Run and the Short Run Jointly: Cointegration and Error Correction Models 13. Forecasting Volatility I 14. Forecasting Volatility II 15. Financial Applications of Time-varying Volatility 16. Forecasting with Nonlinear Models