Jakaitiene, Audrone; Dées, Stephane - European Central Bank - 2009
time series methods for forecasting world economic
variables and consider empirically which methods perform best and …-up approaches are broadly equiva-
lent in terms of country-speci�c forecast accuracy).
Keywords: Factor models, Forecasts, Time … series models.
JEL Classi�cation: C53, C32, E37, F17
4
ECB
Working Paper Series No 1059
June 2009
Non-technical summary …