In this study, we analyzed the forecasting and nowcasting performance of a generalized regression neural network (GRNN …

This paper contributes a multivariate forecasting comparison between structural models and Machine-Learning-based tools … Greenbook and SPF forecasts. Model estimation and forecasting is based on an expanding window scheme using quarterly U.S. real … results indicate that nonlinear data-driven ANNs are a useful method when it comes to macroeconomic forecasting. …