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CO-INTEGRATION CONSTRAINT AND FORECASTING: AN EMPIRICAL EXAMINATION.

Authors :
Jin-Lung Lin
Tsay, Ruey S.
Source :
Journal of Applied Econometrics; Sep/Oct96, Vol. 11 Issue 5, p519-538, 20p, 10 Charts
Publication Year :
1996

Abstract

Presents a study that used simulation, real data sets and multi-step-ahead post-sample forecasts to determine if co-integration helps long-term forecasts. Accuracy of economic forecasts; Imposition of unit-root constraints; Explanations for the problematic performance of co-integration in long-term forecasting.

Subjects

Subjects :
ECONOMIC forecasting
COINTEGRATION

Details

Language :
English
ISSN :
08837252
Volume :
11
Issue :
5
Database :
Complementary Index
Journal :
Journal of Applied Econometrics
Publication Type :
Academic Journal
Accession number :
4978914
Full Text :
https://doi.org/10.1002/(SICI)1099-1255(199609)11:5<519::AID-JAE410>3.0.CO;2-Q