(s) and Mean Absolute Percent Errors (MAPEs). In order to examine the forecasting performance of the selected models, three …) and Theil's inequality coefficients (TICs). Findings – The estimates suggest that in most cases the forecasting …

, SE( σ ) and Mean Absolute Percent Errors (MAPEs). In order to examine the forecasting performance of the selected models … (MPFEs) and Theil's inequality coefficients (TICs). Findings – The estimates suggest that in most cases the forecasting …

This paper compares the true, ex-ante forecasting performance of a micro-based model against both a standard macro … model and a random walk. In contrast to existing literature, which is focused on longer horizon forecasting, we examine … forecasting over horizons from one day to one month (the one-month horizon being where micro and macro analysis begin to overlap …