\u003cb\u003eReality-based modeling for today's unique economic recovery\u003c/b\u003e \u003cp\u003e\u003ci\u003eEconomic Modeling in the Post Great Recession Era\u003c/i\u003e presents a more realistic approach to modeling, using direct statistical applications to address the characteristics and trends central to current market behaviors. This book's unique focus on the \u003ci\u003ereality\u003c/i\u003e of today's markets makes it an invaluable resource for students and practitioners seeking a comprehensive guide to more accurate forecasting. While most books treat the economy as if it were in a vacuum, building models around idealized or perception-biased behaviors, this book deals with the economy as it currently stands\u0026#8212;in a state of recovery, limited by financial constraints, imperfect information, and lags and disparities in price movements. The authors identify how these characteristics impact various markets' behaviors, and quantify those behaviors using SAS as the primary statistical tool. \u003cp\u003eToday's economy bears a number of unique attributes that usual modeling methods fail to consider. This book describes how to approach modeling based on real-world, observable data in order to make better-informed decisions in toady's markets. \u003cul\u003e \u003cli\u003eDiscover the three economic characteristics with the greatest impact on various markets\u003c/li\u003e \u003cli\u003eCreate economic models that mirror the current post-recession reality\u003c/li\u003e \u003cli\u003eAdopt statistical methods that identify and adapt to structural breaks and lags\u003c/li\u003e \u003cli\u003eFactor real-world imperfections into modeling for more accurate forecasting\u003c/li\u003e \u003c/ul\u003e \u003cp\u003eThe past few years have shown a clear demarcation between policymakers' forecasts and actual outcomes. As the dust settles on the Great Recession, after-effects linger\u0026#8212;and impact our current recovery in ways that diverge from past experience and theoretical expectations. \u003ci\u003eEconomic Modeling in the Post Great Recession Era\u003c/i\u003e provides comprehensive guidance grounded in reality for today's economic decision-makers.
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