Evaluating German Business Cycle Forecasts Under an Asymmetric Loss Function
نویسندگان
چکیده
منابع مشابه
Properties of optimal forecasts under asymmetric loss and nonlinearity
Evaluation of forecast optimality in economics and finance has almost exclusively been conducted under the assumption of mean squared error loss. Under this loss function optimal forecasts should be unbiased and forecast errors serially uncorrelated at the single period horizon with increasing variance as the forecast horizon grows. Using analytical results we show that standard properties of o...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1479554