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UNSPECIFIED (2005) Evaluating a model by forecast performance. OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 67 (Suppl. S). pp. 931-956. ISSN 0305-9049
Full text not available from this repository.Abstract
Although out-of-sample forecast performance is often deemed to be the 'gold standard' of evaluation, it is not in fact a good yardstick for evaluating models in general. The arguments are illustrated with reference to a recent paper by Carruth, Hooker and Oswald [Review of Economics and Statistics (1998), Vol. 80, pp. 621-628], who suggest that the good dynamic forecasts of their model support the efficiency-wage theory on which it is based.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences Q Science > QA Mathematics |
| Journal or Publication Title: | OXFORD BULLETIN OF ECONOMICS AND STATISTICS |
| Publisher: | BLACKWELL PUBLISHING |
| ISSN: | 0305-9049 |
| Date: | 2005 |
| Volume: | 67 |
| Number: | Suppl. S |
| Number of Pages: | 26 |
| Page Range: | pp. 931-956 |
| Publication Status: | Published |
| URI: | http://wrap.warwick.ac.uk/id/eprint/34071 |
Data sourced from Thomson Reuters' Web of Knowledge
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