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v Contents 1 Advances in Economic Forecasting 1 Matthew L. Higgins 2 Real-Time Forecasting 7 Dean Croushore 3 Limits to Economic Forecasting 25 Kajal Lahiri 4 Forecasting Regional and Industry-Level Variables: Challenges 51 and Strategies David E. Rapach 5 Forecasting Asset Prices Using Nonlinear Models 65 Michael D. Bradley and Dennis W. Jansen 6 Perspectives on Evaluating Macroeconomic Forecasts 105 H.O. Stekler 7 Combining Forecasts with Many Predictors 149 Tae-Hwy Lee Authors 173 Index 175 About the Institute 185 Higgins.indb v Higgins.indb v 11/3/2011 10:22:06 AM 11/3/2011 10:22:06 AM vi Higgins.indb vi Higgins.indb vi 11/3/2011 10:22:07 AM 11/3/2011 10:22:07 AM ...

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