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Econometric modeling of the exchange rate saw successive progresses, the forecasts based on the ‘70s models having a …-month-ahead forecasts for July and August 2011 based on these models I found that the best predictions are those based on the model that is … compatible with the sense of Granger causality. The higher errors are those of the forecasts based on the AR(1) model. The …
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The most accurate forecasts for USA unemployment rate on the horizon 2001-2012, according to U1 Theil’s coefficient and … are biased in all cases, excepting BC, were proposed. However, these methods did not generate unbiased forecasts. The … predictions made by IMF and OECD for 2001-2012 can be improved by constructing combined forecasts, the INV approach and the scheme …
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The main goal of this research is to improve the degree of accuracy for inflation rate forecasts in Romania. The … stochastic) on the horizon 2011-2013 were more accurate than the predictions based on Dobrescu model. The combined forecasts … proved to be a good strategy of improving the VAR forecasts and those based on Dobrescu model only if the dynamic and …
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This paper offers an empirical characterization of the relation between the international price of oil and exchange rates that is both useful and reliable. Our characterization is useful because it rests on information of asset prices that are determined in functioning asset markets. Our...
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