On the Directional Accuracy of Inflation Forecasts: Evidence from South African Survey Data

We study the directional accuracy of South African survey data of short-term and longer-term inflation forecasts. Upon applying techniques developed for the study of relative operating characteristic (ROC) curves, we find evidence that forecasts contain information with respect to the subsequent direction of change of the inflation rate.

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Year of publication:	2014-10
Authors:	Pierdzioch, Christian ; Reid, Monique B. ; Gupta, Rangan
Institutions:	Department of Economics, Faculty of Economic and Management Sciences
Subject:	Inflation rate \| Forecasting \| Directional Accuracy

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 201463 21 pages
Classification:	C53 - Forecasting and Other Model Applications ; D82 - Asymmetric and Private Information ; E37 - Forecasting and Simulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011096977