Siliverstovs, Boris; Engsted, Tom; Haldrup, Niels - School of Economics and Management, University of Aarhus
Franses, and Allan
W¨urtz, as well as seminar participants at the University of Aarhus, University of Southampton, the 22nd … modified this – at first glance appealing
– conclusion.
According to Christoffersen and Diebold (1998), the doubts on the … effective when the focus lies on producing
the short-run forecasts. Hence, at least from this point of view, the usefulness of …