This research brings as a novelty in literature the use of other methods to compare the forecasts accuracy … exchange rate on forecasting horizon 2009-2011 with respect to the forecasts provided by National Commission of Prognosis (NCP …). However, the inflation rate predictions based on Dobrescu model are more accurate than those of NCP. These results were gotten …

In this study some alternative forecasts for the unemployment rate of USA made by four institutions (International … accuracy of IMF and OECD forecasts when all combination schemes are used, but INV one is the best. The filtered and smoothed … assessment and improvement of forecasts accuracy have an important contribution in growing the quality of decisional process. …

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 …

The most accurate forecasts for USA unemployment rate on the horizon 2001-2012, according to U1 Theil’s coefficient and … (BC). The multi-criteria ranking methods were applied to solve the divergence in assessing the accuracy, differences … observed by computing five chosen measures of accuracy: U1 and U2 statistics of Theil, mean error, mean squared error, root …

In this article, the GDP deflator is predicted starting from econometric models of historical errors of forecasts based … confirmed. However, there is an important dependence between the forecasts errors of the two variables. Econometric models were … built for real errors, absolute ones and squared errors of Dobrescu predictions of 1997-2008. The forecasts errors of GDP …

accuracy of GDP index in Romania. First, the index is predicted starting from an econometric model that reflects the … 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 …

rather good accuracy, as recent researches showed. In order to explain the monthly evolution of RON/USA exchange rate during …Econometric modeling of the exchange rate saw successive progresses, the forecasts based on the ‘70s models having a … model respecting the sense of Granger causality. From the statistical analysis of forecasting accuracy for one …

procedure, have a higher accuracy than those with constant weights or the direct forecasts. Excepting the GDP forecasts obtained … 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 …

This article proposes an empirical econometric approach to improve the degree of accuracy for predictions made by … Romanian experts in forecasting. Several fixed-effects models are constructed using the inflation and unemployment rate actual … values and the forecasts provided by the European Commission, the National Commission for Prognosis and Dobrescu’s model over …

The main objective of this study is to make a comparative analysis of inflation convergence in Central-Eastern European … Slovakia the inflation convergence has decreased in the analyzed period, the coefficient of variation (64.22%) showing strong … Fisher-type test for panel data indicated no convergence for real and predicted inflation convergence. The analysis based on …