Okuneva, Mariia; Hauber, Philipp; Carstensen, Kai; … - 2024
Allocation algorithm. For the forecasting experiment, we select 10 sign-adjusted topics that show strong correlations with GDP … information beyond professional forecasts. In an out-of-sample forecasting experiment, we also find that combining Dynamic Factor … solely on hard data across all forecasting horizons, with the greatest improvements seen in nowcasts. These results …