Bratu, Mihaela - In: UTMS journal of economics / University of Tourism and … 5 (2014) 2, pp. 131-140
There are many types of econometric models used in predicting the inflation rate, but in this study we used a Bayesian … compared to other types of econometric models like VAR, Bayesian VAR, simultaneous equations model, dynamic model, log …-linear model. The Bayesian combinations that used experts' predictions as priors, when the shrinkage parameter tends to infinite …