Chang, Chia-Lin; McAleer, Michael; Franses, Philip Hans - Faculteit der Economische Wetenschappen, Erasmus … - 2010
Macro-economic forecasts are often based on the interaction between econometric models and experts. A forecast that is based only on an econometric model is replicable and may be unbiased, whereas a forecast that is not based only on an econometric model, but also incorporates an expert’s...
