Elia Kacapyr - Economic forecasting: the state of the art
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Copyright 1996 by M. E. Sharpe, Inc. 80 Business Park Drive, Armonk, New York 10504
All rights reserved. No part of this book may be reproduced in any form without written permission from the publisher.
Library of Congress Cataloging-in-Publication Data
Kacapyr, Elia, 1956 Economic forecasting: the state of the art / Elia Kacapyr. p. cm. Includes bibliographical references and index. ISBN 1-56324-764-X (hardcover: alk. paper). ISBN 1-56324-765-8 (pbk.: alk. paper) 1. Economic forecasting. I. Title. HB3730.K2 1996 338.5'44dc20 95-52008 CIP
Printed in the United States of America The paper used in this publication meets the minimum requirements of American National Standard for Information SciencesPermanence of Paper for Printed Library Materials, ANSI Z 39.48-1984.
Forecasting occupies us all for much of our lives. It begins with the speculative wagging of heads over our cradles and continues until the prayers with which we are hopefully laid to rest. Sometimes it is an idle amusement, sometimes a matter of life and death, sometimesand this is where the economist takes a handit carries rewards and punishments in the form of profit or loss. Sir Alec Cairncross, 1969
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