probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of …) between the probability of not being in recession and the probability estimated by the probit model is the function that … evaluates the performance of the models. The probit model with the industrial production index and the realized volatility as …

periods, and economic recessions. Second, it uses an ordered probit framework for estimating and forecasting these three … einem automatisch spezifizierten multinomialen Probit-Modell geschätzt und prognostiziert. Dieses Modell stützt sich sowohl …