November 27, 2020

Download Ebook Free Macroeconomic Forecasting Using Alternative Data

Macroeconomic Forecasting Using Alternative Data

Macroeconomic Forecasting Using Alternative Data
Author : Apurv Jain
Publisher : Academic Press
Release Date : 2020-12-01
Category : Business & Economics
Total pages :250
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Macroeconomic Forecasting Using Alternative Data: Techniques for Applying Big Data and Machine Learning applies computer science to the demands of macroeconomic forecasting. It is the first book to combine machine learning methods with macroeconomics. By using artificial intelligence and machine learning techniques, it unlocks the increased forecasting accuracy offered by alternative data sources. Through its interdisciplinary approach, readers learn how to use big datasets efficiently and effectively. Combines big data/machine learning with macroeconomic forecasting Explains how alternative data improves forecasting accuracy when controlled for traditional data sources Provides new innovative methods for handling large databases and improving forecasting accuracy

Handbook of US Consumer Economics

Handbook of US Consumer Economics
Author : Andrew Haughwout,Benjamin Mandel
Publisher : Academic Press
Release Date : 2019-08-15
Category : Business & Economics
Total pages :550
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Handbook of U.S. Consumer Economics presents a deep understanding on key, current topics and a primer on the landscape of contemporary research on the U.S. consumer. This volume reveals new insights into household decision-making on consumption and saving, borrowing and investing, portfolio allocation, demand of professional advice, and retirement choices. Nearly 70% of U.S. gross domestic product is devoted to consumption, making an understanding of the consumer a first order issue in macroeconomics. After all, understanding how households played an important role in the boom and bust cycle that led to the financial crisis and recent great recession is a key metric. Introduces household finance by examining consumption and borrowing choices Tackles macro-problems by observing new, original micro-data Looks into the future of consumer spending by using data, not questionnaires

The Book of Alternative Data

The Book of Alternative Data
Author : Alexander Denev,Saeed Amen
Publisher : John Wiley & Sons
Release Date : 2020-06-29
Category : Business & Economics
Total pages :416
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The first and only book to systematically address methodologies and processes of leveraging non-traditional information sources in the context of investing and risk management Harnessing non-traditional data sources to generate alpha, analyze markets, and forecast risk is a subject of intense interest for financial professionals. A growing number of regularly-held conferences on alternative data are being established, complemented by an upsurge in new papers on the subject. Alternative data is starting to be steadily incorporated by conventional institutional investors and risk managers throughout the financial world. Methodologies to analyze and extract value from alternative data, guidance on how to source data and integrate data flows within existing systems is currently not treated in literature. Filling this significant gap in knowledge, The Book of Alternative Data is the first and only book to offer a coherent, systematic treatment of the subject. This groundbreaking volume provides readers with a roadmap for navigating the complexities of an array of alternative data sources, and delivers the appropriate techniques to analyze them. The authors—leading experts in financial modeling, machine learning, and quantitative research and analytics—employ a step-by-step approach to guide readers through the dense jungle of generated data. A first-of-its kind treatment of alternative data types, sources, and methodologies, this innovative book: Provides an integrated modeling approach to extract value from multiple types of datasets Treats the processes needed to make alternative data signals operational Helps investors and risk managers rethink how they engage with alternative datasets Features practical use case studies in many different financial markets and real-world techniques Describes how to avoid potential pitfalls and missteps in starting the alternative data journey Explains how to integrate information from different datasets to maximize informational value The Book of Alternative Data is an indispensable resource for anyone wishing to analyze or monetize different non-traditional datasets, including Chief Investment Officers, Chief Risk Officers, risk professionals, investment professionals, traders, economists, and machine learning developers and users.

Alternative Economic Indicators

Alternative Economic Indicators
Author : C. James Hueng
Publisher : W.E. Upjohn Institute
Release Date : 2020-09-08
Category : Business & Economics
Total pages :132
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Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.

The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads

The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads
Author : Nazim Belhocine,Mr. Salvatore Dell'Erba
Publisher : International Monetary Fund
Release Date : 2013-05-01
Category : Business & Economics
Total pages :31
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How do financial markets respond to concerns over debt sustainability and the level of public debt in emerging markets? We introduce a measure of debt sustainability – the difference between the debt stabilizing primary balance and the primary balance–in an otherwise standard spread regression model applied to a panel of 26 emerging market economies. We find that debt sustainability is an important determinant of spreads. In addition, using a panel smooth transition regression model, we find that the sensitivity of spreads to debt sustainability doubles as public debt increases above 45 percent of GDP. These results suggest that market interest rates react more to debt sustainability concerns in a country with a high level of debt compared to a country with a low level of debt.

Macroeconomic Forecasting in the Era of Big Data

Macroeconomic Forecasting in the Era of Big Data
Author : Peter Fuleky
Publisher : Springer Nature
Release Date : 2019-11-28
Category : Business & Economics
Total pages :719
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This book surveys big data tools used in macroeconomic forecasting and addresses related econometric issues, including how to capture dynamic relationships among variables; how to select parsimonious models; how to deal with model uncertainty, instability, non-stationarity, and mixed frequency data; and how to evaluate forecasts, among others. Each chapter is self-contained with references, and provides solid background information, while also reviewing the latest advances in the field. Accordingly, the book offers a valuable resource for researchers, professional forecasters, and students of quantitative economics.

The Structural Econometric Time Series Analysis Approach

The Structural Econometric Time Series Analysis Approach
Author : Arnold Zellner,Franz C. Palm
Publisher : Cambridge University Press
Release Date : 2004-10-21
Category : Business & Economics
Total pages :129
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Bringing together a collection of previously published work, this book provides a discussion of major considerations relating to the construction of econometric models that work well to explain economic phenomena, predict future outcomes and be useful for policy-making. Analytical relations between dynamic econometric structural models and empirical time series MVARMA, VAR, transfer function, and univariate ARIMA models are established with important application for model-checking and model construction. The theory and applications of these procedures to a variety of econometric modeling and forecasting problems as well as Bayesian and non-Bayesian testing, shrinkage estimation and forecasting procedures are also presented and applied. Finally, attention is focused on the effects of disaggregation on forecasting precision and the Marshallian Macroeconomic Model that features demand, supply and entry equations for major sectors of economies is analysed and described. This volume will prove invaluable to professionals, academics and students alike.

Economic Forecasts

Economic Forecasts
Author : Ralf Brüggemann,Winfried Pohlmeier,Werner Smolny
Publisher : Lucius & Lucius DE
Release Date : 2011
Category :
Total pages :176
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Forecasts guide decisions in all areas of economics and finance. Economic policy makers base their decisions on business cycle forecasts, investment decisions of firms are based on demand forecasts, and portfolio managers try to outperform the market based on financial market forecasts. Forecasts extract relevant information from the past and help to reduce the inherent uncertainty of the future. The topic of this special issue of the Journal of Economics and Statistics is the theory and practise of forecasting and forecast evaluation and an overview of the state of the art of forecasting.

Economic Forecasting

Economic Forecasting
Author : Ken Holden,David A. Peel,John L. Thompson
Publisher : Cambridge University Press
Release Date : 1990
Category : Business & Economics
Total pages :213
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This work is the only currently available text that provides comprehensive coverage of the methods and applications in the rapidly developing field of forecasting the future state of the economy.

CBO's Economic Forecasting Record

CBO's Economic Forecasting Record
Author : Holly Battelle
Publisher : DIANE Publishing
Release Date : 2010-11
Category :
Total pages :41
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The Congressional Budget Office (CBO) regularly evaluates the accuracy of its economic forecasts by comparing them with the economy¿s actual performance and with others¿ forecasts. Such evaluations help guide CBO¿s efforts to improve the quality of its forecasts and are also intended to assist Members of Congress in their use of the agency¿s estimates. Contents of this report: (1) Choice of Forecasts for the Evaluation; (2) Measuring the Quality of Forecasts: Statistical Bias; Accuracy; Alternative Measures of Forecast Quality; (3) Limitations of Forecast Evaluations: (4) The Effects of Bus. Cycles, Changes in the Trend Rate of Productivity Growth, and Oil Price Shocks; (5) Forecasting Record: 2-Year Forecasts; 5-Year Projections; (6) Historical and Forecast Data.

Has Macro-forecasting Failed?

Has Macro-forecasting Failed?
Author : Victor Zarnowitz
Publisher : Unknown
Release Date : 1991
Category : Economic forecasting
Total pages :27
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The answer to this question depends on the treatment of logically and empirically prior questions about (1) what the forecasts are and why they are needed, and (2) what can reasonably be expected of them. Further, what forecasters can and should do cannot be established without studying the record and assessing the probable future of their endeavors. Accordingly, the basic approach taken in this paper is to ask of the assembled data what professional standards have economists engaged in macro-forecasting been able to attain and maintain in competing with each other and alternative methods. There is much disenchantment with economic forecasting. The difficult question is how much of it is due to unacceptably poor performance and how much to unrealistically high prior expectations. My argument is that the latter is a major factor. In times of continuing expansion with restrained inflation, as in the 1960s, macro-forecasts looked good and economists were held in high repute. Later when inflation accelerated, serious recessions reappeared, and long-term growth of productivity and total output slackened, the errors of macroeconomic models and forecasts, and the old and new controversies among the economists, received increased public attention. The reputation of the profession suffered, and the interest of academic economists in forecasting, never very strong, weakened still more. Yet the performance of professional economic forecasters, when assessed proper relative terms, has been considerably better in recent times than in the earlier post-World War II period. What happened is that the improvements fell short of enabling the forecasters to cope with the new problems they faced.

Current Index to Statistics, Applications, Methods and Theory

Current Index to Statistics, Applications, Methods and Theory
Author : Anonim
Publisher : Unknown
Release Date : 1990
Category : Mathematical statistics
Total pages :129
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JOUNRAL OF MONETARY ECONOMICS

JOUNRAL OF MONETARY ECONOMICS
Author : Anonim
Publisher : Unknown
Release Date : 2003
Category :
Total pages :129
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Economic—Environmental—Energy Interactions

Economic—Environmental—Energy Interactions
Author : T R. Lakshmanan
Publisher : Springer Science & Business Media
Release Date : 1980-03-31
Category : Business & Economics
Total pages :198
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This publication is concerned with two major current debates in public policy in all affluent societies. One is the widespread concern with the quality of the natural environment-the quality of air, water, land, and wilderness areas-which has expressed itself in the passage and implementation in recent years of a variety of environmental laws and regulations. A second debate concerns the adequacy of energy resources to meet the requirements of a growing economy. The requirement that industries must abate environmental pollution leads to increased costs of production and, in turn, to higher prices, falling output in those industries, and reduced employment and income in the region where such industries are located. There may be, at the same time, growth in indus tries that supply pollution abatement equipment and services in those or other regions. Over time, the health and economic benefits of higher envi ronmental quality express themselves in changing patterns of consumption.

Working Paper Series

Working Paper Series
Author : Anonim
Publisher : Unknown
Release Date : 2001
Category : Economics
Total pages :129
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