Anticipatory and Objective Models of Durable Goods Demand.

On the whole, the evidence suggests that, during periods when both purchase expectations and consumer sentiment can be measured with reasonable precision, the anticipatory model is virtually a perfect substitute for a fully specified objective model, and that as good results can be achieved with a s...

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Bibliographic Details

Published in:	American Economic Review Vol. 62; no. 4; pp. 564 - 580
Main Authors:	Juster, F. Thomas, Wachtel, Paul
Format:	Article
Published:	American Economic Association Sep72
Subjects:	Durable consumer goods Economic demand Consumer attitudes Economic forecasting Economic stabilization Pricing Uncertainty Econometric models Economics United States
Online Access:	View this record in EBSCOhost