models' out-of-sample forecasting performance for the period 2012 q3 to 2016 q2 by using a number of forecast evaluation … Statistics. Additionally, we constructed several composite forecasts in order to test whether a combination forecast is superior … increases. Second, the disaggregated ARIMA model has the smallest forecasting errors. Third, majority of the forecast evaluation …

interesting to note that the two approaches are reciprocal, since in general, their combined forecast demonstrates clear …

is further employed to forecast economic activity. An empirical exercise for Brazil is provided to illustrate the … methodology, in which a reduced-form equation is employed to point forecast the growth rate of the Brazilian economy. In addition …