different types of econometric models for oil price forecasting. Several specifications have been proposed in the economic …). The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that should … common sample and common data. Fourth, we evaluate the forecasting performance of each selected model using static and …

. To this aim, a hierarchical procedure based on an encompassing test is developed. Firstly, forecasting models are ranked … Economic Analyses) short-term forecasting models for monthly industrial production in Italy. …

This study evaluates the forecasting accuracy of five alternative econometric models in the context of predicting the … expenditure by inbound international visitors in a destination. Two univariate time series models are included in the forecasting … comparison as benchmarks. Accuracy is assessed in terms of error magnitude. Seasonality is an important feature of forecasting …