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The simple econometric models for the exchange rate, according to recent researches, generates the forecasts with the … on short run. The best forecasts, in terms of accuracy, on the forecasting horizon April-May 2012 were those based on a … was applied (the forecasts are inversely weighted to their relative mean squared forecast error). The lagged variables …
Persistent link: https://www.econbiz.de/10010860020
relationship between the GDP index and the GDP deflator. Then, the errors of these forecasts are computed. On the other hand, the … GDP deflator prediction errors. The data series are historical errors of forecasts based on the Dobrescu macromodel. The … forecasts errors of the GDP index based on the Dobrescu macromodel historical errors for 2009-2011 are lower than the errors …
Persistent link: https://www.econbiz.de/10010901893
importance of knowing the best exchange rate forecasts is related to the improvement of decision-making and the building of the …Econometric modeling of the exchange rate saw successive progresses, the forecasts based on the ‘70s models having a …-month-ahead forecasts for July and August 2011 based on these models I found that the best predictions are those based on the model that is …
Persistent link: https://www.econbiz.de/10010901897
explicitly in literature as a source of forecasts uncertainty. In this study based on data on U.S. GDP and its components in 1995 …-2010, we found that GDP one-step-ahead forecasts made by aggregating the components with variable weights, modeled using ARMA … procedure, have a higher accuracy than those with constant weights or the direct forecasts. Excepting the GDP forecasts obtained …
Persistent link: https://www.econbiz.de/10009385706
In this study, the problem of forecasts accuracy is analysed on three different forecasting horizons: during the actual … economic crisis, in few years before the crisis and on a large horizon. The accuracy of the forecasts made by European … institutions were gotten using the accuracy criterion: NCP, IEF and EC. The combined forecasts of institutions’ predictions are the …
Persistent link: https://www.econbiz.de/10010602474
This note gives a fairly complete statistical description of the Hodrick-Prescott Filter (1997) which has been proposed in the context of my seasonal adjustment method (Schlicht 1981, 1984). A statistics estimator for the smoothing parameter is proposed that is asymptotically equivalent to the...
Persistent link: https://www.econbiz.de/10005703010