Economic and Business Forecasting : Analyzing and Interpreting Econometric Results

Discover the secrets to applying simple econometric techniques to improve forecasting Equipping analysts, practitioners, and graduate students with a statistical framework to make effective decisions based on the application of simple economic and statistical methods, Economic and Business Forecasting offers a comprehensive and practical approach to quantifying and accurate forecasting of key variables. Using simple econometric techniques, author John E. Silvia focuses on a select set of major economic and financial variables, revealing how to optimally use statistical software as a template to apply to your own variables of interest. Presents the economic and financial variables that offer unique insights into economic performance Highlights the econometric techniques that can be used to characterize variables Explores the application of SAS software, complete with simple explanations of SAS-code and output Identifies key econometric issues with practical solutions to those problems Presenting the "ten commandments" for economic and business forecasting, this book provides you with a practical forecasting framework you can use for important everyday business applications.This book is for the broad audience of practitioners as well as undergraduate and graduate students with an applied economics focus. This book introduces statistical techniques that can help practitioners characterize the behavior of economic relationships. Chapters 1 to 3 provide a review of basic economic and financial fundamentals that decision makers in both the private and public sectors need to know. Our belief is that before an analyst attempts any statistical analysis, there should be a clear understanding of the data under study. Chapter 4 provides the tools that an analyst will employ to effectively characterize an economic series.