Hendry, David
Forecasting: An Essential Introduction
- ISBN 13:
- 9780300244663
- author:
- Hendry, David
- format:
- Paperback / softback
- publisher:
- Yale University Press
- language:
- English
- Publication Year:
- 2019
- Pages:
- 240
- Dimensions:
- 21.6 x 14 centimetres (0.29 kg)
- Genre:
- Business,Forecasting, ,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Forecasting: A Guide to Understanding and Improving Forecasting Techniques. Understanding accurate predictions about the economy has long been challenging. However, with increasing complexity and unpredictable feedback loops, forecasters face greater difficulties today. This accessible guide provides a concise overview of the process and problems of forecasting, explaining key concepts such as evaluating forecasts, responding to failures, and overcoming challenges in a rapidly changing world. The book covers essential topics including what constitutes a forecast, how forecasts are judged, and strategies for avoiding forecast failure. Real-world examples, including financial crises and economic uncertainties like Brexit, illustrate these concepts and demonstrate the importance of effective forecasting. This guide is ideal for university students studying forecasting, practitioners new to the field, or anyone interested in understanding how economists make predictions about the economy.
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