The impact of seasonal constants on fore
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Robert M. Kunst; Philip Hans Franses
📂
Article
📅
1998
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John Wiley and Sons
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English
⚖ 240 KB
In this paper we focus on the eect of (i) deleting, (ii) restricting or (iii) not restricting seasonal intercept terms on forecasting sets of seasonally cointegrated macroeconomic time series for Austria, Germany and the UK. A ®rst empirical result is that the number of cointegrating vectors as well