Digitale Medien
Oxford, UK
:
Blackwell Publishing Ltd
Economic affairs
17 (1997), S. 0
ISSN:
1468-0270
Quelle:
Blackwell Publishing Journal Backfiles 1879-2005
Thema:
Wirtschaftswissenschaften
Notizen:
The macro-economic short-term forecasting record in the West over the past thirty years is very poor. Modern non-linear signal processing techniques can be used to show that such inaccuracy is a deep and inherent property of the data themselves. The forecasting record simply cannot be improved. Much economic policy still focuses on short-term intervention based on short-term forecasts. But such efforts are futile because forecasts of sufficient accuracy over time cannot be made.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1111/1468-0270.00009
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