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expected change in earnings, our study investigates how firms manage their earnings forecast strategy once they have decided to … to adopt a multiple earnings forecast (a portfolio) approach in the statutory sanctions period, particularly for the …
Persistent link: https://www.econbiz.de/10013107302
(GDP) growth and consumer price index inflation. This paper fills this research gap by providing a replicable forecasting …-run forecast horizons. The model is shown to be capable of predicting turning points and usable for policy analysis under different …
Persistent link: https://www.econbiz.de/10011776817
period up to 2026 by drawing on past sectoral trends and the latest macroeconomic forecast results from the International …
Persistent link: https://www.econbiz.de/10014565947
In economics, common factors are often assumed to underlie the co-movements of a set of macroeconomic variables. For this reason, many authors have used estimated factors in the construction of prediction models. In this paper, we begin by surveying the extant literature on diffusion indexes. We...
Persistent link: https://www.econbiz.de/10010282831
Diffusion index models have received considerable attention from both theoreticians and empirical econometricians in recent years. One reason for this is that datasets with many variables are increasingly becoming available and being utilized for economic modelling, and another is that common...
Persistent link: https://www.econbiz.de/10010282837
variables that we predict are output growth and inflation, two representative variables from our set of indicators that are … macroeconomic indicators (not including spreads) perform best when forecasting inflation in non-volatile time periods, while …
Persistent link: https://www.econbiz.de/10010282848
not statistically significant. Finally, estimated models are pooled to forecast inflation. Some of the forecast …Inflation forecasting plays a central role in monetary policy formulation. At the same time, recent international … empirical evidence suggests that with the decline in inflation of recent years, the joint dynamics of this variable and its …
Persistent link: https://www.econbiz.de/10010325105
Real-time estimates of output gaps and inflation trends differ from the values that are obtained using data available … observations and of already-released observations capable of improving real-time output gap and inflation trend estimates. Our … findings indicate that annual revisions to output and inflation data are in part predictable based on their past vintages. …
Persistent link: https://www.econbiz.de/10010286275
Time series regressions indicate that age structure has significant forecasting power on Swedish inflation. The results … the age model outperforms the estimated benchmarks; i.e. two autoregressive models, an ARIMA and the 2 per cent forecast … corresponding to the stipulated inflation target. The age model is also considerably better than the consensus forecasts and it is …
Persistent link: https://www.econbiz.de/10010321784
Various inflation forecasting models are compared using a simulated out-of-sample forecasting framework. We focus on … the question of whether monetary aggregates are useful for forecasting inflation, but unlike previous work we examine a … wide range of forecast horizons and allow for estimated as well as theoretically specified cointegrating relationships in …
Persistent link: https://www.econbiz.de/10010263217