A potentially useful property of forecasts based on cointegration is that when extended some way ahead, the forecasts of the two series will form a constant ratio, as is expected by some asymptotic economic theory.
ahead asymptotic base
Clive Granger
These are some quotes by British author Clive Granger Economist, who lived between September 4, 1934 and May 27, 2009.
Quotes by Clive Granger
In 1973, I was offered a professorship at the University of California, San Diego. Although I was certainly not unhappy at Nottingham, I had been there over twenty years from starting undergraduate studies to Professor of Applied Statistics and Econometrics, and I thought that a change of scene was worth considering.
