Serial correlation and forecasting
Autocorrelated errors leave OLS unbiased but its standard errors wrong; the same persistence powers AR forecasts that head to a long-run mean and are judged by RMSE.
About 35 minutes8 activities Paper packet
Autocorrelated errors leave OLS unbiased but its standard errors wrong; the same persistence powers AR forecasts that head to a long-run mean and are judged by RMSE.
About 35 minutes8 activities Paper packet