Bratu, Mihaela - In: Romanian Economic Journal 14 (2011) 42, pp. 25-46
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 …