Abstract
The principle of forecasting is to extrapolate identified structure to the future. Hence, the process of forecasting starts with the identification and splitting of the latent process structure from the remaining random variation. The extrapolation of the identified process structure to the future gives the subsequent forecast, where the random variation gives the uncertainty of the forecast.
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© 2016 Springer Fachmedien Wiesbaden
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Kömm, H. (2016). Introduction. In: Forecasting High-Frequency Volatility Shocks. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-12596-7_1
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DOI: https://doi.org/10.1007/978-3-658-12596-7_1
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Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-12595-0
Online ISBN: 978-3-658-12596-7
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