Search Results
Journal Article
The economic outlook for the Fifth District states in 1984 : forecasts from vector autoregression models
Anatoli Kuprianov and William Lupoletti employ the VAR technique to forecast the regional economy in The Economic Outlook for Fifth District States in 1984. The authors document the experiences of the economies of Maryland, Virginia, West Virginia, North Carolina, South Carolina, and the District of Columbia over the past 25 years. After summarizing the differences between conventional and VAR forecasting models, they present forecasts of each state for 1984 produced by a five-variable VAR model. These forecasts suggest that the recovery of 1983 should continue through 1984 for most Fifth ...
Working Paper
Defining and improving the accuracy of macroeconomic forecasts : contributions from a VAR model
Thirty years ago it appeared that the best strategy for improving economic forecasts was to build bigger, more detailed models. As the costs of computing plummeted, considerable detail was added to models and more elaborate statistical techniques became feasible.