Factor based forecasting has been at the forefront of developments in the macroeconometric forecasting literature in the recent past. Despite the flurry of activity in the area, a number of specification issues such as the choice of the number of factors in the forecasting regression, the...

"The Bank of England has constructed a 'suite of statistical forecasting models' (the 'Suite') providing judgement-free statistical forecasts of in ation and output growth as one of many inputs into the forecasting process, and to offer measures of relevant news in the data. The Suite combines a...

The Bank of England has constructed a 'suite of statistical forecasting models' (the 'Suite') providing judgement-free statistical forecasts of inflation and output growth as one of many inputs into the forecasting process, and to offer measures of relevant news in the data. The Suite combines a...

Factor based forecasting has been at the forefront of developments in the macro-econometric forecasting literature in the recent past. Despite the flurry of activity in the area, a number of specification issues such as the choice of the number of factors in the forecasting regression, the...