This book provides an introduction to the methods employed in forecasting the future state of the economy. It is the only text currently available which provides a comprehensive coverage of methods and applications in this fast-growing area. Part I outlines the available techniques, including those used in business forecasting and econometric forecasting. Part II considers the most important applications of forecasting.
Part I. Techniques: 1. Introduction to forecasting methods; 2. Time series methods; 3. Combination of forecasts; Part II. Applications: 4. Microeconomic forecasting; 5. Macroeconomic forecasting; 6. Forecasting asset market prices; 7. Conclusions.