A Statistical Approach to Economic Forecasting
- 1 January 1986
- journal article
- research article
- Published by Taylor & Francis in Journal of Business & Economic Statistics
- Vol. 4 (1) , 1-4
- https://doi.org/10.1080/07350015.1986.10509485
Abstract
A recently developed statistical model, called Bayesian vector autoregression, has proven to be a useful tool for economic forecasting. Such a model today forecasts a strong resurgence of growth in the second half of 1985 and in 1986.Keywords
This publication has 5 references indexed in Scilit:
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- Forecasting Accuracy of Alternative Techniques: A Comparison of U.S. Macroeconomic ForecastsJournal of Business & Economic Statistics, 1986
- Specifying Vector Autoregressions for Macroeconomic ForecastingPublished by Federal Reserve Bank of Minneapolis ,1984
- Forecasting and conditional projection using realistic prior distributionsEconometric Reviews, 1984
- Macroeconomics and RealityEconometrica, 1980