Handbook of Research Methods and Applications in Macroeconomic Forecasting

Hardback

Handbook of Research Methods and Applications in Macroeconomic Forecasting

9781035310043 Edward Elgar Publishing
Edited by Michael P. Clements, Professor, ICMA Centre, Henley Business School, University of Reading and Ana Beatriz Galvao, Bloomberg Economics, London, UK
Publication Date: October 2024 ISBN: 978 1 03531 004 3 Extent: c 539 pp
Bringing together the recent advances and innovative methods in macroeconomic forecasting, this erudite Handbook outlines how to forecast, including following world events such as the Covid-19 pandemic and the global financial crisis. With contributions from global experts, chapters explore the use of machine-learning techniques, the value of social media data, and climate change forecasting.

This title contains one or more Open Access chapters.

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Bringing together the recent advances and innovative methods in macroeconomic forecasting, this erudite Handbook outlines how to forecast, including following world events such as the Covid-19 pandemic and the global financial crisis.

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 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.
Critical Acclaim
‘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
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