Reference Entry

adaptive expectations

Nigar Hashimzade, Gareth Myles and John Black

in A Dictionary of Economics

Fifth edition

Published in print January 2017 | ISBN: 9780198759430
Published online January 2017 | e-ISBN: 9780191819940
adaptive expectations

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The principle that the future value of an economic variable is calculated using the previous prediction plus some fraction of the difference between the previous prediction and the outcome. Hence, the value expected at ...

Reference Entry.  128 words. 

Subjects: Economics

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