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  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 17 (1997), S. 0 
    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: 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.
    Type of Medium: Electronic Resource
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