A Decision_Theoretic Approach to Forecast Evaluation.

This paper addresses the problem of forecast evaluation in the context of a simple but realistic decision problem, and proposes a procedure, for the evaluation for forecats based on their average realized value to the decision maker.

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Year of publication:	1996
Authors:	Granger, C.W.J. ; Pesaran, H.
Institutions:	Faculty of Economics, University of Cambridge
Subject:	FORECASTS \| PROBABILITY

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Series:	Cambridge Working Papers in Economics.
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	C10 - Econometric and Statistical Methods: General. General ; C20 - Econometric Methods: Single Equation Models. General ; C22 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005647456