Construct · 1 fields · 1 citations

adaptive expectations: a standalone construct

One name. One construct. A landmark on the map.

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Macroeconomics

expectations revised each period by a fraction of the latest forecast error, so forecasts follow past values.

In macroeconomics, adaptive expectations refers to expectations revised each period by a fraction of the latest forecast error, so forecasts follow past values. This meaning comes from Nerlove (1958) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

error4 fields · 8 citationsjingle · one word, four constructs follow1 fields · 1 citationsanchor · a standalone construct path dependence4 names · 5 citationsjangle · one name across four fields

References

Nerlove, M. (1958). Adaptive Expectations and Cobweb Phenomena. The Quarterly Journal of Economics, 72(2), 227. https://doi.org/10.2307/1880597

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