out-of-sample forecasting where we compare forecasts from the SEASTAR models with forecasts from nested models. It turns …

we examine the forecasting performance of various models for seasonality and nonlinearity using quarterly industrial … production series for 17 OECD countries. We find that forecasting performance varies widely across series, across forecast …

found to perform better in out-of-sample forecasting than a benchmark linear model. An empirical illustration for US GDP …