Franses, Philip Hans; Welz, Max - In: Econometrics : open access journal 10 (2022) 1, pp. 1-16
We propose a simple and reproducible methodology to create a single equation forecasting model (SEFM) for low …-frequency macroeconomic variables. Our methodology is illustrated by forecasting annual real GDP growth rates for 52 African countries, where … methodology quickly arrives at a reasonably small forecasting model per country. Compared with benchmark models, the single …
