MARC Record from Library of Congress

LEADER: 01692cam a22003017a 4500
001 2005616091
003 DLC
005 20130531105835.0
007 cr |||||||||||
008 050127s2000 txu sb f000 0 eng
010 $a 2005616091
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aKoenig, Evan F.
245 14 $aThe use and abuse of "real-time" data in economic forecasting$h[electronic resource] /$cEvan F. Koenig, Sheila Dolmas and Jeremy Piger.
260 $a[Dallas, Tx.] :$bFederal Reserve Bank of Dallas,$c[2000]
490 1 $aResearch Department working paper ;$v0004
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/27/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"We distinguish between three different ways of using real-time data to estimate forecasting equations and argue that the most popular approach should generally be avoided. The point is illustrated with a model that uses monthly industrial production, employment, and retail sales data to predict real GDP growth. When the model is estimated using our preferred method, its out-of-sample forecasting performance is superior to that obtained using conventional estimation and compares favorably with that of the Blue-Chip consensus"--Federal Reserve Bank of Dallas web site.
650 0 $aEconomic forecasting.
700 1 $aDolmas, Sheila.
700 1 $aPiger, Jeremy Max.
830 0 $aWorking paper (Federal Reserve Bank of Dallas. Research Department : Online) ;$v0004.
856 40 $uhttp://dallasfed.org/research/papers/2000/index.html