The information content of regional employment data for forecasting aggregate conditions

We consider whether disaggregated data enhances the efficiency of aggregate employment forecasts. We find that incorporating spatial interaction into a disaggregated forecasting model lowers the out-of-sample mean-squared-error from a univariate aggregate model by 70 percent at a two-year horizon.

MoreLess

Year of publication:	2004
Authors:	Hernández-Murillo, Rubén ; Owyang, Michael T.
Institutions:	Federal Reserve Bank of St. Louis
Subject:	Econometrics \| Forecasting

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Economics Letters, March 2006, 90(3), pp. 339-5 Number 2004-005
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005707684