IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-540-27752-1_1.html
   My bibliography  Save this book chapter

Introduction

In: New Introduction to Multiple Time Series Analysis

Author

Listed:
  • Helmut Lütkepohl

    (European University Institute)

Abstract

In making choices between alternative courses of action, decision makers at all structural levels often need predictions of economic variables. If time series observations are available for a variable of interest and the data from the past contain information about the future development of a variable, it is plausible to use as forecast some function of the data collected in the past. For instance, in forecasting the monthly unemployment rate, from past experience a forecaster may know that in some country or region a high unemployment rate in one month tends to be followed by a high rate in the next month. In other words, the rate changes only gradually. Assuming that the tendency prevails in future periods, forecasts can be based on current and past data.

Suggested Citation

  • Helmut Lütkepohl, 2005. "Introduction," Springer Books, in: New Introduction to Multiple Time Series Analysis, chapter 1, pages 1-7, Springer.
  • Handle: RePEc:spr:sprchp:978-3-540-27752-1_1
    DOI: 10.1007/978-3-540-27752-1_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-540-27752-1_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.