Turning-point errors and directional errors in forecasting: A note

The concepts of turning-point error and directional error as used in forecast evaluation are sometimes confused. This note seeks to clarify the distinction between the concepts using a simple example and illustrating with a prediction-realization diagram.

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Year of publication:	1985
Authors:	Judge, Guy
Published in:	Journal of Macroeconomics. - Elsevier, ISSN 0164-0704. - Vol. 7.1985, 2, p. 261-263
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005107569