Evaluating the Rationality of Fixed-Event Forecasts
A Test of forecasts rationality based on the weak efficiency of fixed-event forecasts has recently been proposed by Nordhauss (1987). This paper considers the scope for pooling fixed-event forecasts across 'events' to deliver more powerful tests of the weak-efficiency hypothesis. In an empirial illustration we demonstrate the usefulness of this approach when only a small number of forecasts are available.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" 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.
|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: CV4 7AL COVENTRY|
Phone: +44 (0) 2476 523202
Fax: +44 (0) 2476 523032
Web page: http://www2.warwick.ac.uk/fac/soc/economics/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wrk:warwec:457. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robyn Till)
If references are entirely missing, you can add them using this form.