| Article ID: | iaor20013137 |
| Country: | United Kingdom |
| Volume: | 19 |
| Issue: | 4 |
| Start Page Number: | 235 |
| End Page Number: | 254 |
| Publication Date: | Jul 2000 |
| Journal: | International Journal of Forecasting |
| Authors: | Wallis Kenneth F., Tay Anthony S. |
A density forecast of the realization of a random variable at some future time is an estimate of the probability distribution of the possible future values of that variable. This article presents a selective survey of applications of density forecasting in macroeconomics and finance, and discusses some issues concerning the production, presentation, and evaluation of density forecasts.