Fischer, Henning; García-Bárzana, Marta; Tillmann, Peter - 2012 - This version: October 23, 2012
compare the midpoint of the ranges with the realized outcome. This paper proposes a new approach to forecast evaluation that … takes account of the interval nature of projections. It is shown that using the conventional Mincer-Zarnowitz approach to … relevant for explaining future inflation than information embodied in the midpoint. -- Forecast evaluation ; interval data …