Diverging Tests of Equal Predictive Ability

S-Tier
Journal: Econometrica
Year: 2020
Volume: 88
Issue: 4
Pages: 1753-1754

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We investigate claims made in Giacomini and White (2006) and Diebold (2015) regarding the asymptotic normality of a test of equal predictive ability. A counterexample is provided in which, instead, the test statistic diverges with probability 1 under the null.

Technical Details

RePEc Handle
repec:wly:emetrp:v:88:y:2020:i:4:p:1753-1754
Journal Field
General
Author Count
1
Added to Database
2026-01-26