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Persistent link: https://www.econbiz.de/10010469860
We produce predictions of Norwegian GDP. To this end, we estimate a Bayesian Dynamic Factor model on a panel of 14 variables (all followed closely by market operators) ranging from 1990 to 2011. By means of a pseudo real-time exercise we show that the Bayesian Dynamic Factor Model performs well...
Persistent link: https://www.econbiz.de/10013087316