State & Local Government Review, Vol. 10, No. 3 (Sep., 1978), pp. 92-99 (8 pages) A quarterly econometric model, the Louisiana Revenue Projection Model, is developed and tested for forecasting state ...

Spatial econometrics addresses the challenges posed by spatially correlated data, enabling researchers to understand and quantify how economic phenomena in one location can influence those in ...

This paper points to some of the difficulties in large-scale econometric modeling. The major issues here include the logic of the equations, the nature of the stochastic disturbance terms, the logic ...

Machine learning is reshaping the way portfolios are built, monitored, and adjusted. Investors are no longer limited to ...

This paper analyzes and quantifies the idea of model risk in the environment of internal model building. We define various types of model risk including estimation risk, model risk in distribution and ...

Camelot Global commercial director Richard Bateson reminds us that econometric models are only as good as the data that goes into them, and more evidence is always needed to prove the return on ...

This paper describes a theoretical approach to determine the downturn loss given default (LGD) for residential mortgages, which is compliant with the regulatory requirement and thus suitable to be ...

The global financial crisis, triggered by the subprime mortgage problem and resulting in the collapse of a major American investment bank in September 2008, has seriously affected the Japanese economy ...