We adopt a series of shrinkage and factor analytic methodologies to compute nowcasts of the main Finnish turnover …

- depending on the employed shrinkage method. …

deal with a large number of possible predictors, we specify a prior that allows for both variable selection and shrinkage …

- depending on the employed shrinkage method. …

deal with a large number of possible predictors, we specify a prior that allows for both variable selection and shrinkage …

, an archetypal small open economy. We apply "data-rich" factor and shrinkage methods to tackle the problem of efficiently … forecast horizons. The forecasting performance achievable with the data-rich methods differs widely, with shrinkage methods and …