Ikoku, Alvan E.; Okany, Chukwunonso T. - In: CBN journal of applied statistics 8 (2017) 1, pp. 49-69
This study shows how the application of forecast combination improves the accuracy of forecasts of economic variables. Using data from January 2009 to December 2014 on the Nigerian inflation rate, and forecasts of currency in circulation (see Ikoku, (2014)) as examples, we find that by combining...