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relative to industrial production and orders in Germany. Although we find evidence that forecast characteristics based on real …-time and final data releases differ, we also observe minimal impacts on the relative forecasting performance of indicator …
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In this paper we perform a comparative study of the forecasting properties of the alternative leading indicators for … Germany using the growth rates of German real GDP. We use the post-unification data which cover years from 1991 through 2004 … forecasting ability of the leading indicators has been rather good in the pre-break period but it significantly deteriorated in …
Persistent link: https://www.econbiz.de/10003217187
The Conference Board's Leading Economic Indicators Index suffers from construction flaws, which reduce its predictive power as well as one's ability to interpret its signals. This paper develops a vector autoregression model to address these problems. The model's out-of-sample GDP forecasts,...
Persistent link: https://www.econbiz.de/10013022715
indicators for forecasting quarterly Chinese GDP growth. We iterate the evaluation over forecast horizons from 370 days to 1 day … 2009. Industrial production can be quite valuable for now- or even forecasting, but only if it is released shortly after … manufacturing purchasing managers' index of the Chinese National Bureau of Statistics help much for now- or forecasting. Our results …
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