Yiu, Matthew S.; Chow, Kenneth K. - Hong Kong Institute for Monetary Research (HKIMR), … - 2011
This paper applies the factor model proposed by Giannone, Reichlin, and Small (2005) on a large data set to nowcast (i.e. current-quarter forecast) the annual growth rate of China¡¦s quarterly GDP. The data set contains 189 indicator series of several categories, such as prices, industrial...