J. M. Pinar Pérez, R. Morales Arsenal
The density functions of the predictions, known as fan charts, describe the whole uncertainty associated with the future values of the random variable under analysis. This greater amount of information improves the decision-making process of the decision-maker regardless of the loss function it has. In this work, these density functions are evaluated using R and Python software. Applying it to the case of the design of fiscal policy in Spain.
Keywords: Forecasting, uncertainty, decision-making, routine comparison
Scheduled
GT20 Software and Computing for Statistics and Operations Research (SOCEIO)
June 9, 2022 12:00 PM
Grade Hall