In this paper we investigate whether differences exist among forecasts using real-time or latest-available data to … relative to industrial production and orders in Germany. Although we find evidence that forecast characteristics based on real …

. However, if reliable leading information is available, single-equation MS models tend to give somewhat less precise forecasts …

-time data flow as well as parameter uncertainty and time-varying volatility. In addition, we develop a fast estimation algorithm … German GDP. Our recursive out-of-sample forecast evaluation results reveal that our framework is able to generate forecasts … superior to those obtained from a naive and more competitive benchmark models. These forecast gains seem to emerge especially …

revised. Implicitly, the possibility of data revisions creates an element of uncertainty around the very same data driving … policy decisions. Given that such uncertainty could be mitigated if data revisions were predictable, this paper sets out to … applied in previous economic literature to model Malta's first-release output data alongside the revisions made within a …