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The paper develops an oil price forecasting technique which is based on the present value model of rational commodity …
Persistent link: https://www.econbiz.de/10003314736
Elements of an econometric examination of benchmark revisions in real-time data are suggested. Structural break tests may be applied to detect heterogeneities within vintages. Systems cointegration tests are helpful to reveal inconsistencies across vintages. Differencing and rebasing, often used...
Persistent link: https://www.econbiz.de/10003391943