Forecasting: An Essential Introduction

This accessible guide provides an overview of the process and problems of forecasting, with topics covered including what a forecast is, how to evaluate forecasts, and how to respond to forecast failures. It is ideal for university students studying forecasting, practitioners new to the field, and general readers interested in how economists forecast.

Format: Paperback / softback
Length: 240 pages
Publication date: 09 April 2019
Publisher: Yale University Press

Forecasting is a complex and challenging task that requires a deep understanding of economic principles and trends. In this accessible guide, David Hendry, Michael Clements, and Jennifer Castle provide a concise and highly intuitive overview of the process and problems of forecasting. They explain forecasting concepts such as how to evaluate forecasts, how to respond to forecast failures, and the challenges of forecasting accurately in a rapidly changing world.

Topics covered include:

What is a forecast? How are forecasts judged? And how can forecast failure be avoided? Concepts are illustrated using real-world examples such as financial crises, the uncertainty of Brexit, and the Federal Reserves record on forecasting.

This guide is ideal for university students studying forecasting, practitioners new to the field, and for general readers interested in how economists forecast. It provides a solid foundation for anyone looking to gain a deeper understanding of this important field.

In conclusion, forecasting is a critical skill for businesses and individuals alike, and this accessible guide provides a valuable resource for anyone looking to improve their forecasting abilities. By understanding the process and problems of forecasting, you can make more informed decisions and navigate the challenges of a rapidly changing world.

Weight: 294g
Dimension: 217 x 135 x 15 (mm)
ISBN-13: 9780300244663