The Department of Statistics and Actuarial Science Fall Colloquium Series presents:Yuan Liao, Tippie Children Professor in Economics, Tippie College of Business, University of Iowa"Does Noise Hurt Economic Forecasts?"Abstract: This paper explores whether variable selection enhances forecasting. We show three results: (1) High dimensional linear forecast models are not sparse if the outcome is driven by latent factors. (2) We also prove a compelling result that including noise in predictions...