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Economic models: comparative analysis of their adjustment and prediction capacities

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  • José Antonio Gibanel Salazar

Abstract

This work investigates different kinds of models for economic time series and compares the ability of these models to fit the observed data and their predictive power in the short term, both for single-series models and for multivariate models. Both capabilities are analyzed and classified according to the type of economic series and the degree of stationariness of the series.

Suggested Citation

  • José Antonio Gibanel Salazar, 2014. "Economic models: comparative analysis of their adjustment and prediction capacities," Contribuciones a la Economía, Servicios Académicos Intercontinentales SL, issue 2014-05, November.
    • Handle: RePEc:erv:contri:y:2014:i:2014-05:3
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