Morgado, António José; Nunes, Luis Catela; Salvado, Susana - Gabinete de Estratégia e Estudos (GEE), Ministério da … - 2007
This paper consists of an empirical study comparing a dynamic factor model approach to estimate the current quarter aggregate GDP with the alternative approach of aggregating the forecasts obtained from specific dynamic factor models for each major expenditure disaggregate. The out-of-sample...