Bialowolski, Piotr; Kuszewski, Tomasz; Witkowski, Bartosz - Institut für Weltwirtschaft (IfW) - 2015
classical estimates (BACE) but also construct dynamic factor models (DFM). Within the BACE framework they apply two diversified … methods of regressors' selection: frequentist (FMA) and averaging (BMA). Because their models yield multiple forecasts for … performance is observed in Bayesian models with frequentist approach. Their analysis conducted for Polish economy also shows that …