Blake, Andrew P. (contributor) - 1999 - [Elektronische Ressource]
. Such a model can be
written generally as:
y
t+i
= f#28x
t
;#0C
0
;#0C#29 #281#29
where y
t
is growth in period t + i, i is … the forecast horizon, x
t
is a vector of
leading indicator variables available at time t, #0C a parameter vector and #0C
0 …
a #28vector of#29 constant term#28s#29. If the model were the standard linear one we
could write it as
y
t+i
= #0C
0
+x …