Macroeconomic Forecasting in the Era of Big Data : Theory and Practice /

This book surveys big data tools used in macroeconomic forecasting and addresses related econometric issues, including how to capture dynamic relationships among variables; how to select parsimonious models; how to deal with model uncertainty, instability, non-stationarity, and mixed frequency data;...

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Bibliographic Details
Corporate Author: SpringerLink (Online service)
Other Authors: Fuleky, Peter (Editor)
Format: eBook
Language:English
Published: Cham : Springer International Publishing : Imprint: Springer, 2020.
Edition:1st ed. 2020.
Series:Advanced Studies in Theoretical and Applied Econometrics, 52
Subjects:
Online Access:Connect to the full text of this electronic book
Description
Summary:This book surveys big data tools used in macroeconomic forecasting and addresses related econometric issues, including how to capture dynamic relationships among variables; how to select parsimonious models; how to deal with model uncertainty, instability, non-stationarity, and mixed frequency data; and how to evaluate forecasts, among others. Each chapter is self-contained with references, and provides solid background information, while also reviewing the latest advances in the field. Accordingly, the book offers a valuable resource for researchers, professional forecasters, and students of quantitative economics.
Physical Description:1 online resource (XIII, 719 pages 80 illustrations, 62 illustrations in color.)
ISBN:9783030311506
ISSN:2214-7977 ;
DOI:10.1007/978-3-030-31150-6