Are Some Forecasters’ Probability Assessments of Macro Variables Better Than Those of Others?

We apply a bootstrap test to determine whether some forecasters are able to make superior probability assessments to others. In contrast to some findings in the literature for point predictions, there is evidence that some individuals really are better than others. The testing procedure controls for...

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Bibliographic Details
Main Author: Michael P. Clements
Format: Article
Language:English
Published: MDPI AG 2020-05-01
Series:Econometrics
Subjects:
Online Access:https://www.mdpi.com/2225-1146/8/2/16