| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060778 | Economics Letters | 2012 | 4 Pages |
Abstract
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hamid Baghestani,