We evaluate the forecasting performance of six different models for short-term forecasting of Macedonian GDP: 1) ARIMA …

of Macedonia (NBRM) for medium term macroeconomic forecasting and policy analysis. The MAKPAM is a medium scale, New … important block of the macroeconomic forecasting system of the NBRM. The model is therefore an important analytic tool for …

indicators performs in forecasting turning points of the Macedonian business cycle by employing the Qual VAR approach of Dueker …