VoxEU Video
The importance of the right model
If an economist selects the wrong model to study a question, the results are also likely to be wrong. In this video, Bruce Hansen talks to Soumaya Keynes about how model selection and combination can be used for forecasting with small error. Model combination methods are suited for forecasting and policy evaluation. This video was recorded in March 2016 during the Royal Economic Society’s Annual Conference held at the University of Sussex.
