Before revision:  Forecast accuracy of the models is evaluated by conducting pseudo-real-time forecasting exercises for four components of the GDP over the sample of 2005-2015, and compared with the benchmark ARMA models.
After revision:  Forecast accuracy of the models is evaluated by conducting pseudo-real-time experiments for gross fixed capital formation, private consumption, imports and exports over the sample of 2005-2015, and compared with the benchmark ARMA models.