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For a certain macroeconomic variable more predictions based on different methods could be made. The essential problem is to establish the most accurate forecast, using different indicators. The econometric modeling is one of the most used forecasting method. A strategy to improve the accuracy of...
Persistent link: https://www.econbiz.de/10010679397
In this paper I built forecasts intervals for the inflation rate in Romania, using the quarterly predicted values provided by the National Bank of Romania for 2007-2010. First, I used the historical errors method, which is the most used method, especially by the central banks. Forecast intervals...
Persistent link: https://www.econbiz.de/10010575464