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
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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...