Forecasting in large macroeconomic panels using Bayesian model averaging

by Gary Koop

Publisher: Federal Reserve Bank of New York in [New York, N.Y.]

Written in English
Published: Downloads: 720
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Subjects:

  • Economic forecasting -- Econometric models.,
  • Inflation (Finance) -- Forecasting -- Econometric models.

Edition Notes

StatementGary Koop and Simon Potter.
SeriesStaff reports ;, no. 163, Staff reports (Federal Reserve Bank of New York : Online) ;, no. 163.
ContributionsPotter, Simon., Federal Reserve Bank of New York.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3477352M
LC Control Number2005617028

Forecasting in large macroeconomic panels using Bayesian model averaging by Gary Koop Download PDF EPUB FB2

Forecasting in Large Macroeconomic Panels Using Bayesian Model Averaging Article in SSRN Electronic Journal 7(04/16) March with 17 Reads How we measure 'reads'. Bayesian model averaging and forecasting. Other approaches to dealing with the large model space are the use of a coin-flip importance- and model uncertainties is also investigated using.

The way that Bayesian probability is used in corporate America is dependent on a degree of belief rather than historical frequencies of identical or similar events. The model is versatile, : Daniel Mcnulty.