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Economic and Business Forecasting: Analyzing and Interpreting Econometric Results

ISBN: 978-1-118-56954-2

March 2014

400 pages

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Description
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.

About the Author

John E. Silvia (Charlotte, NC) is a managing director and the chief economist for Wells Fargo Securities. In 2010, he was recognized for the Best Inflation Forecast, the Best Overall Forecast and the Best Personal Consumption Expenditures Forecast by The Federal Reserve Bank of Chicago. Azhar Iqbal (Charlotte, NC) is an Econometrician and Vice President at Wells Fargo Securities where he provides quantitative analysis to the Economics group as well as modeling and forecasting of macro and financial variables. He has spoken at the American Economic Association, Econometric Society, and other international conferences. Sam Bullard (Charlotte, NC) is a Director and Senior Economist at Wells Fargo Securities. Prior to joining the Economics Group, Sam spent three years as a research analyst in the Industry Research and Analytics Group for then parent company, First Union. Sarah Watt (Charlotte, NC) is an economic analyst with Wells Fargo Securities. She covers the U.S. macro economy, including labor market trends. She also works closely with senior members of her team to produce special reports and regional economic commentary on several U.S. states. Kaylyn Swankoski (Charlotte, NC) is an Economic Analyst at Wells Fargo Securities.