Working Paper
The information content of regional employment data for forecasting aggregate conditions
Abstract: We consider whether disaggregated data enhances the efficiency of aggregate employment forecasts. We find that incorporating spatial interaction into a disaggregated forecasting model lowers the out-of-sample mean-squared-error from a univariate aggregate model by 70 percent at a two-year horizon.
https://doi.org/10.20955/wp.2004.005
Status: Published in Economics Letters, March 2006, 90(3), pp. 339-5
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Working Papers
Publication Date: 2004
Number: 2004-005