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We suggest a theoretical basis for the comparative evaluation of forecasts. Instead of the general assumption that the …
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In this paper, we perform a statistical analysis of the forecasting properties of Norges Bank's macroeconomic forecasts in the period 1998 - 2019. As a part of the analysis we assess Norges Bank's forecasts against similar forecasts by Statistics Norway and forecasts from simple models. The...
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forecasts ; directional forecast value ; forecast evaluation ; economic forecast value ; mean squared forecast error ; mean …
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The focus of this paper is the evaluation of a very popular method for potential output estimation and medium …-term forecasting the production function approachin terms of predictive performance. For this purpose, a forecast evaluation for the …
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