The HPD Fan ChartT With Data Revision

The current implementation of the Fan Chart displays equal tail probability bands and do not take into account that the variable of interest may be subject to data revision. In this note I propose the use of Highest Probability Density, HPD, bands and include flexibility to display the risks related to data revision. Click here to obtain a Visual Basic for Excel routine. Please save the the as FanChartGdpGrowth.xls and enable Macros to run the program.

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Year of publication:	2009-03-08
Authors:	Julio, Juan Manuel

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Julio, Juan Manuel (2009): The HPD Fan ChartT With Data Revision.
Classification:	E31 - Price Level; Inflation; Deflation ; E59 - Monetary Policy, Central Banking and the Supply of Money and Credit. Other ; E37 - Forecasting and Simulation
Source:	BASE

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015225804