Sum Results on Individual Forecasts

  • Gunnar Brennscheidt
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 403)


This chapter presents some results which lend support to the statements on aggregate forecasts in Chapter 3: Comparison of observed forecasts to various prediction concepts, non-rational features, learning, and “improvements” of underestimating predictions (regression on single exogenous variables and psychological components).


Absolute Deviation Rational Prediction Mean Absolute Error Expected Change Upward Bias 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1993

Authors and Affiliations

  • Gunnar Brennscheidt
    • 1
  1. 1.Institut für Ökonometrie und Operations ResearchUniversität BonnBonnGermany

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