The value of robust forecasts

In a follow-up to their earlier work on real-time short-term forecasts of confirmed cases and deaths, Associate Member and alumna Jennifer Castle (DPhil Economics 2003, Research Fellow 2006-2009), and Fellows Jurgen Doornik and David Hendry of the Climate Econometrics team, make the case for robust statistical forecasting.

(Jennifer Castle, Jurgen Doornik and David Hendry, ‘The Value of Robust Statistical Forecasts in the COVID-19 Pandemic’. Published in the National Institute Economic Review 256:19-43, doi: 10.1017/nie.2021.9)