Application of error correction models of combination forecasting
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    Abstract:

    The applicability of error correction models of combining forecasts based on Stein- rule estimation and error correction models is further studied in this paper through numerical simulation and practical application , and the preliminary test on the effects of recombining of various combining forecasts is carried out . The results show that the ECMs of combining forecasts have significant advantage over non2ECMs of combining forecasts , and recombining of various combining forecasts can diversify model selection risk.

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