schemes. Experimental validation of modeling approaches and methodologies builds confidence in the prediction, while advanced …

This paper examines methods aimed at improving baseline economic forecasts using a dynamic CGE model. Forecasting can …

forecasting. To further improve the forecasting, we modify our calibration approach by increasing the trader information set …

The article discusses processes of validating structural forecasting models It summarizes methods of evaluating the … goodness of fit of model Simulations over historical periods and methods of comparing the forecasting behavior of structural … models with that of Simple time series models The net trade model provides a case study for these two validation processes …

Two major issues associated with model validation are addressed here. First, we present a maximum likelihood approach … to define and evaluate a model validation metric. The advantage of this approach is it is more easily applied to … effect of this on model validation metrics. We show that ignoring correlation in multivariate data can lead to misleading …