We contribute to the burgeoning literature on macroeconomic forecasting by exploring the benefits of machine learning methods. The performance of machine learning algorithms, factor models and MIDAS in forecasting China’s real GDP growth rate is evaluated in an extensive pseudo out-of-sample...

We contribute to the burgeoning literature on macroeconomic forecasting by exploring the benefits of machine learning methods. The performance of machine learning algorithms, factor models and MIDAS in forecasting China’s real GDP growth rate is evaluated in an extensive pseudo out-of-sample...