For forecasting and economic analysis many variables are used in logarithms (logs). In time series analysis this transformation is often considered to stabilize the variance of a series. We investigate under which conditions taking logs is beneficial for forecasting. Forecasts based on the...

The European Competition Network came into life in 2004 as an atypical network with a relatively hierarchical and highly regulated structure. As a result, predictions regarding the future functioning of this network were largely sceptical at the time of its inception. Now the network is about to...