Reference Entry

adaptive expectations

Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130
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.  127 words. 

Subjects: Economics

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