An Improved Technique for Obtaining Current Sub-state Income Estimates

This paper compares some specifications for estimating current sub-state (county or MSA) income. A large number of trials are generated, using the data for Tennessee, in a procedure akin to a series of Monte-Carlo experiments. The out-of-sample forecast errors are examined to see which specifications perform best, and then to obtain some insight into the approximate error one would obtain using the best specification.

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Year of publication:	1998
Authors:	Eff, E. Anthon
Published in:	The Review of Regional Studies. - Southern Regional Science Association, ISSN 0048-749X. - Vol. 28.1998, 2, p. 91-103
Publisher:	Southern Regional Science Association

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010774555