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Comparative Performance of U.S. Econometric Models

Lawrence R. Klein (ed.)

Published in print:
1991
Published Online:
October 2011
ISBN:
9780195057720
eISBN:
9780199854967
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195057720.001.0001
Subject:
Economics and Finance, Econometrics

One of the most important, and visible, things economists do is to forecast what will happen in the economy in the future. Each year, a number of different groups in the United States use their own ... More


A Comparison of the Michigan and Fair Models

Ray C. Fair and Lewis S. Alexander

in Comparative Performance of U.S. Econometric Models

Published in print:
1991
Published Online:
October 2011
ISBN:
9780195057720
eISBN:
9780199854967
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195057720.003.0006
Subject:
Economics and Finance, Econometrics

This chapter compares the predictive accuracy of the Michigan and Fair econometric models using the method developed in Ray Fair. These models are compared to each other and to an eighth-order ... More


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