In the econometric literature simulation techniques are suggested for estimating standard errors of forecasts, especially in case of nonlinear models, where explicit analytic formulae are not available. For this purpose analytic simulation on coefficients, Monte Carlo on coefficients, Monte...

Results of stochastic simulation experiments are described in this paper. The model experimented with is a large scale macroeconometric model, developed at the University of Bonn for the German economy (Model 5).