Indeed, a simple model of extrapolative
expectations of future asset price movements does a very good job of explaining the big swings in the U.
These tests are reported in the next subsections, followed by tests of versions of what Pesaran and Weale (2006) refer to as extrapolative
We then evaluate the theory under the assumption that all available (but no future) information is used in an extrapolative
expectations format to forecast future dividend payments.
5) Moreover, if accommodative monetary policy engendered extrapolative
expectations and speculation starting in 2003, why did it not restrain these factors after mid-2004 as the federal funds rate was increased?
Furthermore, the parameters are rarely linked to the reaction mechanisms and are thus hardly useful for any insight into the course of reactions and therefore extrapolative
It is interesting to note that Ediev (5) supports simple extrapolative
approaches such as this for mortality projection, rather than the more statistically complex methods such as Lee-Carter.
forecasting, projections present claims based on arguments from methods and parallel cases, where the validity of the method or similarities between comparative cases are used to support and justify the claim.
Each concept-word and its responding essay presented in the volume range from terms distinctly architectural, such as 'ornament', 'formalism' and 'body', to the more architecturally extrapolative
such as 'desire', 'everyday' and 'atmosphere'.
Radagast, though (my own admittedly extrapolative
reading) occasionally bivouacking at Rhosgobel, had become an itinerant, allying him more with the good, Gandalf way of being a wizard.
These markets have certainly shown more flexibility in Canada since the early 1990s, with symptoms of the kind of extrapolative
behaviour associated with backward-looking expectations diminishing in importance.
and speculative"); Miriam Sapiro, Preempting Prevention: Lessons Learned, 37 N.
challenges, such as predicting potential distribution of invasive species, anticipating species' responses to global climate change, and identifying unknown reservoirs or vectors, require different qualities of modeling algorithms; different methods therefore appear to emerge as superior, according to the particular challenge (5).