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Trade in goods and services forecast is defined as the projected value of change in ownership of material resources and … countries and the world economy, using a combination of model-based analyses and expert judgement. The indicator comprises net …
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This paper analyzes the role of uncertainty on both exchange rate expectations and forecast errors of professionals for … Bayesian VAR approach, we observe that effects on forecast errors of professionals turn out to be more significant compared to …
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is evidence of nonlinearities in forecast smoothing. It is less pronounced in the tails of the distribution of individual … forecast revisions than in the central part of the distribution. …
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