In this paper we extend the Baillie and Baltagi (1999) paper (Prediction from the regression model with one-way error components. In Analysis of Panels and Limited Dependent Variables Models, Hsiao C, Lahiri K, Lee LF, Pesaran H (eds). Cambridge University Press, Cambridge, UK). In particular, we de
Errors affecting the different components of traffic predictions
โ Scribed by P.H. Bendtsen
- Publisher
- Elsevier Science
- Year
- 1975
- Weight
- 449 KB
- Volume
- 9
- Category
- Article
- ISSN
- 0041-1647
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This paper derives the best linear unbiased predictor for a one-way error component model with serial correlation. A transformation derived by Baltagi and Li (1991) is used to show how the forecast can be easily computed from the GLS estimates and residuals. This result is useful for panel data appl
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