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文章基本信息

  • 标题:Do Economic Restrictions Improve Forecasts?
  • 本地全文:下载
  • 作者:Murphy, Elizabeth A. ; Norwood, F. Bailey ; Wohlgenant, Michael K.
  • 期刊名称:Journal of Agribusiness
  • 印刷版ISSN:0738-8950
  • 出版年度:2004
  • 页码:549-558
  • 出版社:Journal of Agribusiness
  • 摘要:A previous study showed that imposing economic restrictions improves the forecasting ability of food demand systems, thus warranting their use even when they are rejected in-sample. This article evaluates whether this result is due to economic restrictions enhancing degrees of freedom or containing nonsample information. Results indicate that restrictions improve forecasting ability even when they are not derived from economic theory, but theoretical restrictions forecast best.
  • 关键词:demand systems;economic restrictions;forecasting;representative consumer
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