Duarte, Cláudia; Rua, António - Banco de Portugal - 2005
The aim of this paper is to assess inflation forecasting acurracy over the short-term horizon using Consumer Price … Index (CPI) disaggregated data. That is, aggregating forecasts is compared with aggregate forecasting. In particular, three … using Portuguese CPI dataset. Aggregating the forecasts seems to be better than aggregate forecasting up to a five …