학술논문
Why Exponential Almon Lag Works Well in Econometrics: An Invariance-Based Explanation
Document Type
Conference
Author
Source
2022 IEEE 11th International Conference on Intelligent Systems (IS) Intelligent Systems (IS), 2022 IEEE 11th International Conference on. :1-4 Oct, 2022
Subject
Language
ISSN
2767-9802
Abstract
In many econometric situations, we can predict future values of relevant quantities by using an empirical formula known as exponential Almon lag. While this formula is empirically successful, there have been no convincing theoretical explanation for this success. In this paper, we provide such a theoretical explanation based on general invariance ideas.