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We investigate the question of whether macroeconomic variables contain information about future stock volatility beyond that contained in past volatility. We show that forecasts of GDP growth from the Federal Reserve's Survey of Professional Forecasters predict volatility in a cross-section of...
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Rational respondents to economic surveys may report as a point forecast any measure of the central tendency of their … tests of forecast rationality when the measure of central tendency used by the respondent is unknown. We overcome an …
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Based on German business cycle forecast reports covering 10 German institutions for the period 1993-2017, the paper …
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models' out-of-sample forecasting performance for the period 2012 q3 to 2016 q2 by using a number of forecast evaluation … Statistics. Additionally, we constructed several composite forecasts in order to test whether a combination forecast is superior … increases. Second, the disaggregated ARIMA model has the smallest forecasting errors. Third, majority of the forecast evaluation …
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various types of legal and shadow economic activities and their interrelations. The model is used to forecast the whole (legal … Ukrainian authorities take an active position in the implementation of the developed forecast for the economic development of …
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