Since the first edition of this book was published in 1993, David Hendry's work on econometric methodology has become increasingly influential. In this edition he presents a brand new paper which comp
Historically, the theory of forecasting that underpinned actual practice in economics has been based on two key assumptions?-that the model was a good representation of the economy and that the struct
In their second book on economic forecasting, Michael Clements and David Hendry askwhy some practices seem to work empirically despite a lack of formal support from theory. Afterreviewing the conventi
Historically, the theory of forecasting that underpinned actual practice in economicshas been based on two key assumptions?-that the model was a good representation of the economy andthat the structur
Economic models of empirical phenomena are developed for a variety of reasons, themost obvious of which is the numerical characterization of available evidence, in a suitablyparsimonious form. Another
This Handbook provides up-to-date coverage of both new and well-established fields in the sphere of economic forecasting. The chapters are written by world experts in their respective fields, and prov
