Entropy Econometrics for combining regional economic forecasts: A Data-Weighted Prior Estimator
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DOI: 10.1007/s10109-017-0259-9
Abstract: Forecast combination has been studied in econometrics for a long time, and the literature has shown the superior performance of forecast combination over individual predictions. However, there is still controversy on which is the best… read more here.
Keywords: forecast combination; prior estimator; entropy econometrics; weighted prior ... See more keywords
A Data-Weighted Prior Estimator for Forecast Combination
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DOI: 10.3390/e21040429
Abstract: Forecast combination methods reduce the information in a vector of forecasts to a single combined forecast by using a set of combination weights. Although there are several methods, a typical strategy is the use of… read more here.
Keywords: combination; forecast combination; estimator; weighted prior ... See more keywords