After a forecast failure, a respecification is usually necessary to account for the data ex post, in which case there is a gain in knowledge as a result of the forecast failure. Using Norwegian ...
The Review of Economic Studies, Vol. 53, No. 4, Econometrics Special Issue (Aug., 1986), pp. 497-516 (20 pages) In the first part of the paper we outline a method for estimating a class of models in ...
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