Professor Sir David Hendry, Director of the Programme on Economic Modelling in INET@Oxford, explains that while models might not always lead to accurate predictions, they can help get you back on track after a crisis.
Do better economic models lead to more accurate forecasting?
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...