{"product_id":"international-finance-discussion-papers-the-use-and-abuse-of-real-time-data-in-economic-forecasting-9781288731961","title":"International Finance Discussion Papers: The Use and Abuse of Real-Time Data in Economic Forecasting","description":"\u003cp\u003e • Author(s): Evan Koenig\u003cbr\u003e • Publisher: Bibliogov\u003cbr\u003e • Publisher Imprint: Bibliogov\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eWe distinguish between three different ways of using real-time data to estimate forecasting equations and argue that the most frequently used approach should generally be avoided. The point is illustrated with a model that uses monthly observations of industrial production, employment, and retail sales to predict real GDP growth. When the model is estimated using our preferred method, its out-of-sample forecasting performance is clearly superior to that obtained using conventional estimation, and compares favorably with that of the Blue-Chip consensus.\u003c\/p\u003e","brand":"Bibliogov","offers":[{"title":"Paperback","offer_id":45142281879703,"sku":"9781288731961","price":1077.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781288731961.webp?v=1767286316","url":"https:\/\/atlanticbooks.com\/products\/international-finance-discussion-papers-the-use-and-abuse-of-real-time-data-in-economic-forecasting-9781288731961","provider":"Atlantic Books","version":"1.0","type":"link"}