Kholodilin, Konstantin A.; Siliverstovs, Boriss; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007
(states) simultaneously. Beside the usual panel data models, such as pooled and fixed-effects models, we apply panel models … even more pronounced at longer forecasting horizons (the forecast accuracy gain as measured by the root mean squared … spatial dependence structure into regional forecasting models, especially, when long-term forecasts are made. …