Aye, Goodness C.; Balcilar, Mehmet; Gupta, Rangan; … - In: International Journal of Production Economics 160 (2015) C, pp. 66-79
Forecasting aggregate retail sales may improve portfolio investors׳ ability to predict movements in the stock prices of … seasonal retail sales. We use data from 1970:01–2012:05, with 1987:01–2012:05 as the out-of-sample period. Unlike the previous … literature on retail sales forecasting, we not only look at a wide array of linear and nonlinear models, but also generate multi …