different forecast horizons. However, various specifications of the factor model exist and it is a topic of debate which … specification is most effective in its forecasting performance. Furthermore, the forecast performances of the different … depth. We empirically verify the forecast performance of three factor model approaches and report our findings in an …

different forecast horizons. However, various specifications of the factor model exist and it is a topic of debate which … specification is most effective in its forecasting performance. Furthermore, the forecast performances of the different … depth. We empirically verify the forecast performance of three factor model approaches and report our findings in an …

Many empirical studies show that factor models have a relatively high forecast compared to alternative short …-term forecasting models. These empirical findings have been established for different data sets and for different forecast horizons …. However, choosing the appropriate factor model specification is still a topic of ongoing debate. Moreover, the forecast …