Showing 1 - 10 of 166
Persistent link: https://www.econbiz.de/10003662971
This paper argues that probability forecasts convey information on the uncertainties that surround macroeconomic forecasts in a manner which is straightforward and which is preferable to other alternatives, including the use of confidence intervals. Probability forecasts relating to UK output...
Persistent link: https://www.econbiz.de/10009781626
This paper explores a range of different forecast methods for Brent oil prices and analyses their performance relative … across forecast horizons. To address this instability, we propose a forecast combination for predicting quarterly real Brent … generates forecasts whose performance is robust over time. The improvements in forecast accuracy and stability are noticeable in …
Persistent link: https://www.econbiz.de/10011573261
We examine whether German state governments manipulated fiscal forecasts before elections. Our data set includes three fiscal measures over the period 1980-2014. The results do not show that electoral motives influenced fiscal forecasts in West German states. By contrast, East German state...
Persistent link: https://www.econbiz.de/10011597259
avenue to measure and forecast regional economic activity. …
Persistent link: https://www.econbiz.de/10013362425
Many countries consider the lifting of restrictions of social contacts (RSC). We quantify the effects of RSC for Germany. We initially employ a purely statistical approach to predicting prevalence of COVID19 if RSC were upheld after April 20. We employ these findings and feed them into our...
Persistent link: https://www.econbiz.de/10012206629
Persistent link: https://www.econbiz.de/10003620169
Prediction markets - markets used to forecast future events - have been used to accurately forecast the outcome of … prediction markets in order to further their utilization by economic forecasters. We show that prediction markets have a number …. -- prediction markets ; forecasting …
Persistent link: https://www.econbiz.de/10009571041
useful information for the prediction of regional GDP in Saxony. Unlike national GDP forecasts, the performance of regional …
Persistent link: https://www.econbiz.de/10010515377
The use of large datasets for macroeconomic forecasting has received a great deal of interest recently. Boosting is one possible method of using high-dimensional data for this purpose. It is a stage-wise additive modelling procedure, which, in a linear specification, becomes a variable selection...
Persistent link: https://www.econbiz.de/10009721997