While the usefulness of factor models has been acknowledged over recent years, little attention has been devoted to the forecasting power of these models for the Japanese economy. In this paper, we aim at assessing the relative performance of factor models over different samples, including the...

The regional statistics provides the quantitative methods requested to a right knowledge of phenomena variability in territorial profile, as well as, the substantiation of regional strategies and policies of economic development. Also, the regional statistics supplies the explicit analyses of...

In high dimensional data, relevant interactions can be difficult to identify due to the extremely large number of possible interactions among variables. Conventional methods use a screening stage to vastly reduce the dimension of the variable space before examining the interaction effect....