Working Paper

Forecasting coin demand.

Abstract: Shortages of coins in 1999 and 2000 motivated the authors to develop models for forecasting coin demand. A variety of models were developed, tested, and used in realtime forecasting. This paper describes the models that were developed and examines the forecast errors from the models both in quasi-ex-ante forecasting exercises and in realtime use. Tests for forecast efficiency are run on each model. Real-time forecasts are examined. The authors conclude with suggestions for further refinements of the models.

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Working Papers

Publication Date: 2003-03-01

Number: 02-15