The aim of this paper is to construct a forecasting model oriented on predicting basic macroeconomic variables, namely … tendency survey-based indicators. Additionally, survey-based indicators are included with a lag that enables to forecast the … additional assumptions concerning the values of predictor variables in the forecast period. Bayesian Averaging of Classical …

German GDP. Our recursive out-of-sample forecast evaluation results reveal that our framework is able to generate forecasts … superior to those obtained from a naive and more competitive benchmark models. These forecast gains seem to emerge especially …