In this article we test a variety of such methods in the context of combining forecasts of GNP from four major econometric models. The results indicate that a simple average, the normal model with an independence assumption, and the Bayesian mode! perform better than the other approaches that are studied here.
In this article we test a variety of such methods in the context of combining forecasts of GNP from four major econometric models. The results indicate that a simple average, the normal model with an independence assumption, and the Bayesian mode! perform better than the other approaches that are studied here.
In this article we test a variety of such methods in the context of combining forecasts of GNP from four major econometric models. The results indicate that a simple average, the normal model with an independence assumption, and the Bayesian mode! perform better than the other approaches that are studied here.