Improving econometric forecasts by using subperiod data
By: Paul A. Anderson and Thomas M. Supel
Series: Staff report -- # 21; Staff report (Federal Reserve Bank of Minneapolis. Research Department : Online) -- 21.
Publisher: Federal Reserve Bank of Minneapolis
Published: 1977
Place of publication: Minneapolis, Minn.]
Language: eng
Format: [electronic resource] /
Subjects: Economic forecasting; Econometric models
Description: "The method proposed here includes two innovations which should improve the accuracy of econometric forecasting.  First, it replaces the subjective, judgmental adjustments commonly used with a more formal, objective econometric procedure.  Second, it includes a methodology for testing the usefulness of subperiod data which forecasters often inspect when choosing intercept adjustments.  A sample application to the MIT-Penn-SSRC Model demonstrates that the procedure is both feasible and potentially helpful in the context of a large macroeconometric model"--Federal Reserve Bank of Minneapolis web site.
Notes: Title from PDF file as viewed on 10/12/2007.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.