Wiley and SAS Business
1 primary work • 2 total works
Book 68
Economic and Business Forecasting
by John E. Silvia, Azhar Iqbal, Kaylyn Swankoski, Sarah Watt, and Sam Bullard
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.
Economic Modeling in the Post Great Recession Era
by John E. Silvia, Azhar Iqbal, and Sarah Watt House
Economic Modeling in the Post Great Recession Era presents a more realistic approach to modeling, using direct statistical applications to address the characteristics and trends central to current market behaviors. This book's unique focus on the reality of today's markets makes it an invaluable resource for students and practitioners seeking a comprehensive guide to more accurate forecasting. While most books treat the economy as if it were in a vacuum, building models around idealized or perception-biased behaviors, this book deals with the economy as it currently stands—in a state of recovery, limited by financial constraints, imperfect information, and lags and disparities in price movements. The authors identify how these characteristics impact various markets' behaviors, and quantify those behaviors using SAS as the primary statistical tool.
Today's economy bears a number of unique attributes that usual modeling methods fail to consider. This book describes how to approach modeling based on real-world, observable data in order to make better-informed decisions in today's markets.
- Discover the three economic characteristics with the greatest impact on various markets
- Create economic models that mirror the current post-recession reality
- Adopt statistical methods that identify and adapt to structural breaks and lags
- Factor real-world imperfections into modeling for more accurate forecasting
The past few years have shown a clear demarcation between policymakers' forecasts and actual outcomes. As the dust settles on the Great Recession, after-effects linger—and impact our current recovery in ways that diverge from past experience and theoretical expectations. Economic Modeling in the Post Great Recession Era provides comprehensive guidance grounded in reality for today's economic decision-makers.