usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of …

shrinkage towards zero to address overfitting concerns. The prior is flexible as it detects shared dynamics of individual … pooling with zero shrinkage delivers sharper parameter inference that improves point and density forecasts over only zero … shrinkage or only pooling specifications, and helps with structural analysis by lowering the estimation uncertainty. …

that, in this case, adding stochastic volatility can further improve the forecasting performance of a single-factor BVAR …

The purpose of this research is to determine whether bankruptcy forecasting models are subject to industry and time … forecasting capability of the models. We found that three of the models demonstrated varying levels of success depending on the …