shocks hitting the national economy. This finding may be considered as one of the main factors in making the forecasting of … and validation tests. The model can be used for various scenario analysis and forecasting purposes by different policy …

In this paper, we study main problems and practical issues of modeling and forecasting of macroeconomic variables in … variables and employ two forecasting methodologies (Waggoner and Zha (1999), Banbura, Giannone and Lenza (2014)) to construct … modeling and forecasting of macroeconomic variables and provide some policy recommendations to improve quality of statistical …