Economic and Business Forecasting

The concrete applications of economic forecasting, practical business forecasting is accessible to a wide-range of readers, requiring only a familiarity with basic statistics. The text focuses on the use of models in forecasting, explaining how to build practical forecasting models that produce optimal results. In a clear and detailed format, the text covers estimating and forecasting with single and multi-equation models, univariate time-series modeling and determining forecasting accuracy. After reading this text, students and readers should have a clearer idea of the reasoning and choices involved in building models and a deeper foundation in estimating econometric models used in practical business forecasting.