𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Assessing the Forecasting Performance of a Macroeconomic Model

✍ Scribed by Juhana Hukkinen; Matti Virén

Book ID
114126509
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
401 KB
Volume
21
Category
Article
ISSN
0161-8938

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

Short-run macroeconomic forecasting: The
Short-run macroeconomic forecasting: The OECD performance
✍ David J. Smyth 📂 Article 📅 1983 🏛 John Wiley and Sons 🌐 English ⚖ 664 KB

Forecasts for the seven major industrial countries, Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, are published on a regular basis in the OECDs Economic Outlook. This paper analyses the accuracy of the OECD annual forecasts of output and price changes and of thecur

Is forecasting with large models informa
Is forecasting with large models informative? Assessing the role of judgement in macroeconomic forecasts
✍ Ricardo Mestre; Peter McAdam 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 210 KB

We evaluate residual projection strategies in the context of a large-scale macro model of the euro area and smaller benchmark time-series models. The exercises attempt to measure the accuracy of model-based forecasts simulated both out-of-sample and in-sample. Both exercises incorporate alternative

On the usefulness of macroeconomic forec
On the usefulness of macroeconomic forecasts as inputs to forecasting models
✍ Richard Ashley 📂 Article 📅 1983 🏛 John Wiley and Sons 🌐 English ⚖ 812 KB

A forecasting model for y , based on its relationship to exogenous variables (e.g. x,) must use i,, the forecast of x,. An example is given where commercially available I,'s are sufficiently inaccurate that a univariate model for y , appears preferable. For a variety of types of models inclusion of