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In this note it is shown that the expectation of the usual MLE estimator of the mean-reversion parameter in linear …
Persistent link: https://www.econbiz.de/10010678801
Based on a large international panel of surveyed GDP forecasts I analyze the frequency of forecast revisions and the factors that influence the likelihood of forecast revisions. I find that each month on average 40%–50% of forecasters revise their forecasts. In addition, I find that the...
Persistent link: https://www.econbiz.de/10011041736