References
- Ashley , R. , Granger , C. W. J. and Schmalensee , R. 1980 . Advertising and aggregate consumption: an analysis of causality . Econometrica , 48 : 1149 – 1168 .
- Bates , J. M. and Granger , C. W. J. 1969 . The combination of forecasts . Operational Research Quarterly , 20 : 513 – 522 .
- Britton , A. and Pain , N. 1992 . Economic Forecasting in Britain , London : National Institute of Economic and Social Research .
- Chong , Y. Y. and Hendry , D. F. 1986 . Econometric evaluation of linear macroeconomic models . Review of Economic Studies , 53 : 671 – 690 .
- Clemen , R. T. 1989 . Combining forecasts: a review and annotated bibliography . International Journal of Forecasting , 5 : 559 – 583 .
- Clements , M. P. and Hendry , D. F. 1993 . On the Limitations of comparing Mean Square Forecast Errors . Journal of Forecasting , 12 : 617 – 637 .
- D'Agostino , R. B. , Belanger , A. and 'Agostino , R. B. Jr . 1990 . A suggestion for using powerful and informative tests of normality . The American Statistician , 44 : 316 – 321 .
- Diebold , F. X. 1989 . Forecast combination and encompassing: reconciling two divergent literatures . International Journal of Forecasting , 5 : 589 – 592 .
- Ericsson , N. R. 1993 . On the limitations of comparing mean square forecast errors: clarifications and extensions . Journal of Forecasting , 12 : 644 – 651 .
- Fair , R. C. and Shiller , R. J. 1990 . Comparing information in forecasts from econometric models . American Economic Review , 80 : 375 – 389 .
- Friedman , B. M. 1980 . Survey evidence on the ‘rationality’ of interest rate expectations . Journal of Monetary Economics , 6 : 453 – 465 .
- Granger , C. W. J. and Ramanathan , R. 1984 . Improved Methods of Combining Forecasts . Journal of Forecasting , 3 : 197 – 204 .
- Hansen , L. P. and Hodrick , R. J. 1980 . Forward exchange rates as optimal predictors of future spot rates . Journal of Political Economy , 88 : 829 – 853 .
- Holden , K. and Peel , D. A. 1989 . Unbiasedness, Efficiency and the Combination of Economic Forecasts . Journal of Forecasting , 8 : 175 – 188 .
- Holden , K. and Peel , D. A. 1990 . On testing for unbiasedness and efficiency of forecasts . Manchester School , 58 : 120 – 127 .
- Horne , J. 1981 . Rational expectations and the Defris-Williams inflationary expectations series . Economic Record , 57 : 261 – 268 .
- McNees , S. K. 1978 . The rationality of economic forecasts . American Economic Review , 68 : 301 – 305 .
- Mullineaux , D. J. 1978 . On testing for rationality: another look at the Livingston price expectations data . Journal of Political Economy , 86 : 329 – 336 .
- Nelson , C. R. 1972 . The prediction performance of the FRB-MIT-PENN model of the US economy . American Economic Review , 62 : 902 – 917 .
- Newey , W. K. and West , K. D. 1987 . A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix . Econometrica , 55 : 703 – 708 .
- Wallis , K. F. , Fisher , P. G. , Longbottom , J. A. , Turnver , D. S. and Whitley , J. D. 1987 . Models of the UK Economy: a Fourth Review , Oxford : Oxford University Press .
- White , H. 1980 . A heteroscedasticity-consistnt covariance matrix estimator and a direct test for heteroscedasticity . Econometrica , 48 : 817 – 838 .