JAGRIC, TIMOTEJ; STRASEK, SEBASTJAN - In: South African Journal of Economics 73 (2005) 3, pp. 435-448
To avoid the pitfalls of the widely used NBER model, in this paper we have adopted neural networks to forecast business cycles. We find that our model has overcome some of the main deficiencies of the classical leading indicators model: first, the model was able to correctly forecast all...