Professor Sir David Hendry, Director of the Programme on Economic Modelling in INET@Oxford, explains the challenges of economic forecasting.
Can economists forecast economic crashes?
17 April 2013
with Professor Sir David Hendry
Professor of EconomicsProfessor Hendry investigates the theory and practice of econometric modelling and forecasting in a non-stationary and evolving world, where the model differs from the economy. When the processes being modelled are not time invariant, many of the fam...