Forecasting Non-stationary Economic Time Series

Know about the book -

Forecasting Non-stationary Economic Time Series is written by Michael P. Clements and published by MIT Press. It's available with International Standard Book Number or ISBN identification 0262531895 (ISBN 10) and 9780262531894 (ISBN 13).

This text on economic forecasting asks why some practices seem to work empirically despite a lack of formal support from theory. After reviewing the conventional approach to forecasting, it looks at the implications for causal modelling, presents forecast errors and delineates sources of failure.