کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5060778 | 1371811 | 2012 | 4 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Are professional forecasts of growth in US business investment rational?
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
⺠We evaluate the survey forecasts of growth in US business investment for 1982-2009. ⺠We employ the ARMA (VAR) forecast as the “weak” (“stronger”) measure of rationality. ⺠We find that the survey forecasts generally encompass both the ARMA and VAR forecasts. ⺠Accordingly, the survey not only displays “weak” but also “stronger” rationality. ⺠The survey forecasts are also directionally accurate and imply symmetric loss.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 114, Issue 1, January 2012, Pages 132-135
Journal: Economics Letters - Volume 114, Issue 1, January 2012, Pages 132-135
نویسندگان
Hamid Baghestani,