Forecasting EU Economic Activity Using Summary Indicators

This paper analyses the forecasting ability of economic summary indicators in EU economies. We employ the use of Partial Least Squares and Bayesian Shrinkage Regression methods and we predict the growth rates of quarterly GDP and Consumption and monthly Industrial Production. We find evidence that these methods result in better short term forecasts

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Year of publication:	2014
Authors:	Kapetanios, George
Other Persons:	Marcellino, Massimiliano Giuseppe (contributor) ; Papailias, Fotis (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Wirtschaftsindikator \| Economic indicator \| Wirtschaftsprognose \| Economic forecast \| Frühindikator \| Leading indicator \| Prognoseverfahren \| Forecasting model \| Prognose \| Forecast

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Extent:	1 Online-Ressource (51 p)
Series:	quantf research Working Paper Series: WP07/2014
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 1, 2014 erstellt
Other identifiers:	10.2139/ssrn.2444422 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013053177