On Forecast Evaluation

Borradores de Economia
Número: 
825
Publicado: 
Clasificación JEL: 
C53, C12, C14
Palabras clave: 
Forecast Evaluation, Stochastic Order, Multiple Comparison

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We propose to assess the performance of k forecast procedures by exploring the distributions of forecast errors and error losses. We argue that non systematic forecast errors minimize when their distributions are symmetric and unimodal, and that forecast