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This paper reports real-time out-of-sample tests of the ability of the U.S. Index Leading Economic Indicators (LEI) to …
Persistent link: https://www.econbiz.de/10005001412
versions, the U.S. Index of Leading Economic Indicators (LEI) fails to improve forecasts in real time out-of-sample tests. This …
Persistent link: https://www.econbiz.de/10008492387
Clusters of cyclical turning points in the coincident indicators help us identify and date Euro Area recessions and … recoveries in the past several decades. In the U.S. and some other countries, composite indexes of coincident indicators (CEI …) are used to date classical business cycle turning points; also indexes of leading indicators (LEI) are used to help in the …
Persistent link: https://www.econbiz.de/10004990909
, across a variety of simple forecasting models, the new approach offers substantial improvements. …
Persistent link: https://www.econbiz.de/10004992994
utility in forecasting resulting form their properties. Leading indicators are aggregates describing a part of economy (e …The biggest business activity fluctuation analysts’ attention is focused on leading indicators. It is due to their … paper is to identify industrial business cycle leading indicators in Poland. The second aim is to estimate a leading index …
Persistent link: https://www.econbiz.de/10009131267
utility in forecasting resulting form their properties. Leading indicators are aggregates describing a part of economy (e …The biggest business activity fluctuation analysts’ attention is focused on leading indicators. It is due to their … paper is to identify industrial business cycle leading indicators in Poland. The second aim is to estimate a leading index …
Persistent link: https://www.econbiz.de/10011274778
The purpose of this paper is to evaluate the Australian Industry Group / PricewaterhouseCoopers Performance of Manufacturing Index (Ai-PMI) as a tool for analysis. Particular interest focuses on the issue of how useful it is as an early signal of Australian business cycle turning points.
Persistent link: https://www.econbiz.de/10005616668
Qualitative business survey data are used widely to provide indicators of economic activity ahead of the publication of … official data. Traditional indicators exploit only aggregate survey information, namely the proportions of respondents who … shows that the proposed indicator can provide early estimates of output growth more accurately than traditional indicators. …
Persistent link: https://www.econbiz.de/10009395651
Qualitative business survey data are used widely to provide indicators of economic activity ahead of the publication of … official data. Traditional indicators exploit only aggregate survey information, namely the proportions of respondents who … manufacturing output growth can provide more accurate early estimates of manufacturing output growth than traditional indicators. …
Persistent link: https://www.econbiz.de/10010766575
This work examines a recent study that used various forecasting methods and in particular the Delphi method, to … understand how the indicators were selected during the development of the prospective study. It can be concluded that the … indicators in the study were selected through discussion on existing knowledge (formal and informal) and the broad consensus of …
Persistent link: https://www.econbiz.de/10009399393