Title:

On Predicting the Stage of the Business Cycle, Working Paper 87-1

PREVIOUS | NEXT

On Predicting the Stage of the Business Cycle, Working Paper 87-1

DATE: 1987

PART OF: AUTHOR:

ABSTRACT: Macroeconomic forecasts are traditionally stated as point estimates. Retrospective evaluations of forecasts usually assume that the cost of a forecast error increases with the arithmetic magnitude of the error. As a result, measures such as the root-mean-square error (RSME) or the mean absolute error (MAE) are most often used to summarize forecast performance

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

Webb, Roy H. "On Predicting the Stage of the Business Cycle, Working Paper 87-1," Working Papers (Federal Reserve Bank of Richmond) (1987). https://fraser.stlouisfed.org/title/3942/item/477013, accessed on April 18, 2024.

More Information
less

NOTE: This paper is unavailable online. It was republished in "The New Palgrave Dictionary of Money and Finance"

PUBLISHER: Federal Reserve Bank of Richmond

PLACE: Richmond

DIGITAL COPY SOURCE: Federal Reserve Bank of Richmond

SUBJECTS: THEMES:
Metadata (XML)
Metadata (JSON)