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Electricity price forecasting has become an area of increasing relevance in recent years. Despite the growing interest in predictive algorithms, the challenges are difficult to overcome given the restricted access to relevant data series and the lack of accurate metrics. Multiple models have...
Persistent link: https://www.econbiz.de/10014464238
-as-you-go systems are needed. We propose a probabilistic approach to forecast the numbers of pensioners in Germany up to 2040 …
Persistent link: https://www.econbiz.de/10012599101
-of-sample forecast evaluation setup, we are able to find informative forecasts for most of the underlying GDP components. We then show … first, that both approaches already yield informative aggregate forecasts for forecast horizons of up to 28 weeks and second …, that combining the production side and the demand side projections substantially improves the forecast performance, in …
Persistent link: https://www.econbiz.de/10012898024
The German economy is an important economic driver in the Euro-area in terms of gross domestic product, labour force and international integration. We provide a state of the art estimate of the German output gap between 1995 and 2022 and present a nowcasting scheme that accurately predicts the...
Persistent link: https://www.econbiz.de/10013370512
forecasts and probabilistic prediction intervals for demographic parameters in addition. Age-sex specific population forecast …-specific population forecast using the cohort-component method. The consequence for the German pension system is discussed. To maintain …
Persistent link: https://www.econbiz.de/10003814452
inflation. We find that sentiment indicators are competitive in providing inflation forecasts against a large set of common …
Persistent link: https://www.econbiz.de/10011644446
In this paper we develop a small open economy model explaining the joint determination of output, inflation, interest … Zeitpunkten werden präsentiert und diskutiert. -- Mehrländermodell ; Prognose ; Bayesianische Ökonometrie …
Persistent link: https://www.econbiz.de/10003950731
The "Gemeinschaftsdiagnose" [Joint Diagnosis (JD)] is the most influential semi-annual macroeconomic forecast in … criticised. This study examines the JD’s growth and inflation forecasts from 1970 to 2007, including most of the contributions of … forecasts to influence the JD forecast? Results show that there is no strong evidence of bias or inefficiency of the institutes …
Persistent link: https://www.econbiz.de/10010425226
Based on German business cycle forecast reports covering 10 German institutions for the period 1993-2017, the paper … indices for growth and inflation forecasts. Finally, a forecasting exercise analyses the predictive power of sentiment indices … for GDP growth and inflation. The results suggest weak evidence, at best, for in-sample and out-of-sample predictive power …
Persistent link: https://www.econbiz.de/10012293448
quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden …. Our results show that we can significantly increase forecast accuracy compared to an autoregressive benchmark model, both …
Persistent link: https://www.econbiz.de/10011685344