. 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. …

wide range of forecasting models for the same variable of interest, our goal is to apply combining methods to a restricted …, 1998) is developed. First, forecasting models are ranked according to a measure of predictive accuracy (RMSFE) and, in a … robustness of this procedure, an empirical application to Italian monthly industrial production using ISAE short-term forecasting …

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 …