Review of Ray Fair, Predicting Presidential Elections and Other Things

Loading...
Thumbnail Image
Penn collection
Marketing Papers
Degree type
Discipline
Subject
Funder
Grant number
License
Copyright date
Distributor
Related resources
Contributor
Abstract

Ray Fair is one of my favorite econometricians. He has an excellent website, fairmodel.econ.yale.edu,where he freely shares his models. He writes clearly and his methods are reported in detail. He is concerned with the proper use of econometric methods. For example, he has long been opposed to the common practice of making ex post subjective adjustments to forecasts from econometric models. A review of empirical evidence supports his position (Armstrong and Collopy 1998). The book is aimed at novices, which is potentially a large audience. Fair captivates the reader by showing how econometrics can be used for everyday life. This includes predicting votes in U.S. presidential elections, the quality of wine in France, whether people are likely to have extramarital affairs, how fast you can run a marathon, how attendance at college relates to grades, interest rates, and inflation.

Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2003-10-01
Journal title
Volume number
Issue number
Publisher
Publisher DOI
Journal Issue
Comments
Postprint version. Published in International Journal of Forecasting,Volume 19, Issue 4, October 2003, pages 760-761. Publisher URL: http://dx.doi.org/10.1016/S0169-2070(03)00053-0
Recommended citation
Collection