Does judgment improve macroeconomic density forecasts?
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DOI: 10.1016/j.ijforecast.2021.02.007
Abstract: Abstract This paper presents empirical evidence on how judgmental adjustments affect the accuracy of macroeconomic density forecasts. Judgment is defined as the difference between professional forecasters’ densities and the forecast densities from statistical models. Using… read more here.
Keywords: density forecasts; statistical models; density; forecasts judgment ... See more keywords