Clements, Michael P. (contributor) - 2008
evidence for
consistency of the SPF respondents�histograms and forecast probabilities of declines in real output
growth …. Clements (2008) considers the possibility
that respondents�point forecast loss functions are asymmetric (whilst the reported … histograms
accurately re�ect the individuals�true beliefs). Then, the forecaster may rationally report as a
point forecast a …