The Information Content of Regional Employment Data for Forecasting Aggregate Conditions

We consider whether disaggregated data enhances the efficiency of aggregate employment forecasts. We find that incorporating spatial interaction into a disaggregated forecasting model lowers the out-of-sample mean-squared-error from a univariate aggregate model by 70 percent at a two-year horizon

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Year of publication:	2005
Authors:	Hernandez-Murillo, Ruben ; Owyang, Michael
Publisher:	[S.l.] : SSRN
Subject:	Prognoseverfahren \| Forecasting model \| Regionaler Arbeitsmarkt \| Regional labour market \| Informationswert \| Information value \| Erwerbstätigkeit \| Employment

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Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2004 erstellt
Other identifiers:	10.2139/ssrn.761846 [DOI]
Classification:	C21 - Cross-Sectional Models; Spatial Models ; C53 - Forecasting and Other Model Applications
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014063591