Brings together current theoretical insights and new empirical results to examine expert adjustment of model forecasts from an econometric perspective.
Brings together current theoretical insights and new empirical results to examine expert adjustment of model forecasts from an econometric perspective.
Preface; 1. Introduction; 2. Optimal behavior of experts; 3. Observed behavior of experts; 4. How accurate are expert-adjusted forecasts?; 5. How can forecasts be improved?; 6. Conclusion, limitations and implications; Data appendix; References; Index.