Indicadores Líderes del IMACEC
The purpose of this work is to develop a leading indicator for the Imacec, a monthly indicator of the Chilean economic activity. The indicator proposed herein is based on the classical methodology of the NBER, but with one major difference: the use of a Ridge regression to aggregate the series. In fact, several Ridge regression estimators are used, producing similar results. This methodology seems promising and the leading indicator proposed deserves follow-up and further investigation.
Year of publication: |
2003-04
|
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Authors: | Firinguetti, Luis ; Rubio, Hernán |
Institutions: | Banco Central de Chile |
Saved in:
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