Is forecasting with large models informa
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Ricardo Mestre; Peter McAdam
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Article
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2010
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John Wiley and Sons
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English
โ 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