Discussion paper

DP11354 Forecasting in Economics and Finance

Practices used to address economic forecasting problems have undergone substantial changes over recent years. We review how such changes have influenced the ways in which a range of forecasting questions are being addressed. We also discuss the promises and challenges arising from access to big data. Finally, we review empirical evidence and experience accumulated from the use of forecasting methods to a range of economic and financial variables.


Timmermann, A and G Elliott (2016), ‘DP11354 Forecasting in Economics and Finance‘, CEPR Discussion Paper No. 11354. CEPR Press, Paris & London. https://cepr.org/publications/dp11354