Title: The information content of regional employment data for forecasting aggregate conditions
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.
Subjects: Econometric models, Economic forecasting