Adaptive Learning and Survey Data
نویسندگان
چکیده
منابع مشابه
Adaptive Learning and Survey Data
This paper investigates the ability of the adaptive learning approach to replicate the expectations of professional forecasters. For a range of macroeconomic and financial variables, we compare constant and decreasing gain learning models to simple, yet powerful benchmark models. We find that both, constant and decreasing gain models, provide a good fit for the expectations of professional fore...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2386674