This paper considers forecasting life table, and proposes a model averaging approach to improve point and interval forecast accuracy. Illustrated by data of eleven countries, we compare point and interval forecasts among ten principal component and two random walk methods. Based on averaged...

We examine US housing price forecastability using a common factor approach based on a large panel of 122 economic time series. We find that a simple three-factor model generates an explanatory power of about 50% in one-quarter ahead in-sample forecasting regressions. The predictive power of the...