@article{Larson:148991, recid = {148991}, author = {Larson, Don}, title = {Summary Statistics and Forecasting Performance}, journal = {Agricultural Economics Research}, address = {1983-07}, number = {1489-2016-125539}, pages = {12}, year = {1983}, abstract = {The simultaneous equation econometric model has recently come under increasing, attack as a policy analysis and forecasting tool However, traditional methods of choosing among competing models rely heavily on the use of summary Statistics It IS shown, by example, that choosing a model With relatively better summary statistics does not guarantee getting the best unconditional out-of-sample forecasts Other methods of forecasting time series that allow relative evaluation of the out-of-sample forecasting ability of econometric Simultaneous equation models are also examined}, url = {http://ageconsearch.umn.edu/record/148991}, doi = {https://doi.org/10.22004/ag.econ.148991}, }