The Review of Economics and Statistics Vol. 47 No. 4 1965
Prediction with Consumer Attitudes: The Time Series-Cross Section Paradox
Abstract
AN UMBER of recent studies demonstrating the predictive effectiveness of consumer attitudes in aggregative time series 1 have revived interest in consumer anticipations data. Yet, the conflict of these results with the conclusions of previous cross-section tests has not been resolved and the source of the predictive effect observed in time series still requires investigation. The purpose of this paper is to see whether the macro time-series relationships observed between consumer attitudes and purchasing have parallels at the micro-economic level.
- DOI
- 10.2307/1927765
- Volume
- 47
- Issue
- 4
- Pages
- 367
- Sources
- openalex crossref