Description
With contributions from global experts, chapters explore the use of machine-learning techniques, the value of social media data, and climate change forecasting. Investigating the opportunities and challenges brought about by 'Big Data', it examines how data can be used for forecasting by economists and analysts in international organisations as well as private practice. Utilising econometric techniques, it helps quantify the uncertainties regarding the future.
The insightful Handbook is an excellent resource for scholars of advanced macroeconomic forecasting, as well as those requiring a better understanding of econometrics, statistics, and modelling approaches. Practitioners in both private and public sectors will greatly appreciate the expert guidance for good future forecasting practices.
About the Author
Edited by Michael P. Clements, Professor, ICMA Centre, Henley Business School, University of Reading and Ana Beatriz Galvao, Bloomberg Economics, London, UK
Reviews
'Michael P. Clements and Ana Beatriz Galvao have curated a remarkable set of cutting-edge contributions, written by leading experts. This Handbook gives an exhaustive overview of current methodological challenges and achievements within macroeconomic forecasting, as well as perspectives on future developments. A must-read for both researchers and practitioners!' -- Pierre Pinson, Imperial College London, UK
'This Handbook is a must-read for academics and practitioners alike. It surveys the most recent developments in the theory and practice of macroeconomic forecasting. All chapters are written by eminent and experienced scholars, and contain up-to-date methods and applications. This is a highly commendable book!' -- Philip Hans Franses, Erasmus University Rotterdam, the Netherlands
Book Information
ISBN 9781035310043
Author Michael P. Clements
Format Hardback
Page Count 490
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd
