Onatski, A.; Karguine, V. - Society for Computational Economics - SCE - 2005
rates. We restrict the sample to the period of normal growth and find that in this subsample the predictive factor technique … in which the data is generated by a curve-valued autoregression process. It develops a novel technique, the predictive … factor decomposition, for estimation of the autoregression operator, which is designed to be better suited for prediction …