Tobias, Justin L - In: Journal of Forecasting 20 (2001) 5, pp. 297-314
This paper describes procedures for forecasting countries' output growth rates and medians of a set of output growth rates using Hierarchical Bayesian (HB) models. The purpose of this paper is to show how the gamma-shrinkage forecast of Zellner and Hong (1989) emerges from a hierarchical...