The Use and Abuse of Real-Time Data in Economic Forecasting

We distinguish between three different strategies for estimating forecasting equations with real-time data and argue that the most popular approach should generally be avoided. The point is illustrated with a model that uses current-quarter monthly industrial production, employment, and retail sales...

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Veröffentlicht in:	The review of economics and statistics 2003-08, Vol.85 (3), p.618-628
Hauptverfasser:	Koenig, Evan F., Dolmas, Sheila, Piger, Jeremy
Format:	Artikel
Sprache:	eng
Schlagworte:	Blue Chip forecast Blue chip stocks Econometrics Economic forecasting Economic growth Economic models Economic theory Employment forecasting Forecasting models Gross domestic product Preliminary estimates Real time Statistical forecasts Studies Time series forecasting
Online-Zugang:	Volltext
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