The information content of regional employment data for forecasting aggregate conditions
By: by Rubén Hernández-Murillo and Michael T. Owyang.
Contributors: Owyang, Michael T.; Federal Reserve Bank of St. Louis.
Series: Working paper ;; 2004-005B; Working paper (Federal Reserve Bank of St. Louis : Online) ;; 2004-005B.
Publisher: Federal Reserve Bank of St. Louis
Published: 2004
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Subjects: Economic forecasting -- Econometric models.
Description: "We consider whether disaggregated data enhances the efficiency of aggregate employment forecasts.  We find that incorporating spatial interaction into a disaggregated forecasting model lowers the out-of-sample mean-squared-error from a univariate aggregate model by 70 percent at a two-year horizon"--Federal Reserve Bank of St. Louis web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 1/27/2005.
Also available in print.
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Mode of access: World Wide Web.