Professor Sir David Hendry discusses his new policy paper, 'All Change! The Implications of Non-Stationarity for Empirical Modelling, Forecasting and Policy', co-written with Dr Felix Pretis.
Non-stationarity: a hazard for forecasting
15 November 2016
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...