Posts Tagged ‘ Forecast evaluation ’

Central Bank Forecast Accuracy

March 28, 2016
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[Sorry for being AWOL.  Like everyone else, I'm generally three feet underwater and breathing through a straw, but in March and April it seems that even the straw goes under.  Anyway, lots of stuff in the pipeline, so let's try to get going a...

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Superforecasting

December 14, 2015
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Superforecasting

A gratis copy of Philip Tetlock and Dan Gardner's new book, Superforecasting, arrived a couple months ago, just before it was published. It's been sitting on my desk until now. With a title like "Superforcasting," perhaps I subconsciously thought ...

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New Review of Forecasting at Bank of England

December 7, 2015
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Check it out here. It's thorough and informative.  It's interesting and unfortunate that even the Bank of England, the great "fan chart pioneer," produces density forecasts for only three of eleven variables forecasted (p. 15). In my view, the mos...

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Climatology and Predictive Modeling

November 17, 2015
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A notice about this paper just arrived. Climate Engineering EconomicsGarth Heutel, Juan Moreno-Cruz, Katharine RickeNBER Working Paper No. 21711Issued in November 2015NBER Program(s):   EEE Very cool, I thought. So I clic...

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Predictive Accuracy Rankings by MSE vs. MAE

October 25, 2015
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We've all ranked forecast accuracy by mean squared error (MSE) and mean absolute error (MAE), the two great workhorses of relative accuracy comparison. MSE-rankings and MAE-rankings often agree, but they certainly don't have to -- they're simply differ...

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