Gupta, Rangan; Kabundi, Alain; Miller, Stephen M.; … - Department of Economics, University of Nevada-Las Vegas - 2011
We implement several Bayesian and classical models to forecast employment for eight sectors of the US economy. In … addition to standard vector-autoregressive and Bayesian vector autoregressive models, we also include the information content … of 143 additional monthly series in some models. Several approaches exist for incorporating information from a large …