Turning-point errors and directional errors in forecasting: A note
AbstractThe concepts of turning-point error and directional error as used in forecast evaluation are sometimes confused. This note seeks to clarify the distinction between the concepts using a simple example and illustrating with a prediction-realization diagram.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Macroeconomics.
Volume (Year): 7 (1985)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/inca/622617
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