Record Details

Forecasts for inflation and unemployment rate based on models using resample techniques

International Journal of Economic Practices and Theories

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Field Value
 
Title Forecasts for inflation and unemployment rate based on models using resample techniques
 
Creator Mihaela, Bratu (Simionescu)
 
Subject —
accuracy, econometric models, forecasts, resampling techniques
C53, E170, E590
 
Description This study presents a way of building new forecasts starting from those provided by two institutions from Romanian specialized in forecasting: Institute for Economic Forecasting (IEF) and National Commission of Prognosis (NCP). For inflation and unemployment rate four different regression models were proposed where the random element was determined using resampling techniques. Two of the regression models improved both institutions forecasts for the inflation and unemployment rate on the forecasting horizon 2010-2012, while the other two provided better predictions than NCP ones. So, the models based on resampled errors could be considered an empirical strategy of improving the accuracy of inflation and unemployment rate forecasts of the two Romanian institutions.     
 
Publisher International Journal of Economic Practices and Theories
 
Contributor —
 
Date 2013-04-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ijept.org/index.php/ijept%20/article/view/Forecasts_for_Inflation_and_Unemployment_Rate_Based_on_Models
 
Source International Journal of Economic Practices and Theories; Vol 3, No 2 (2013); 103-107
2247 – 7225
 
Language eng
 
Relation http://www.ijept.org/index.php/ijept%20/article/view/Forecasts_for_Inflation_and_Unemployment_Rate_Based_on_Models/65
http://www.ijept.org/index.php/ijept%20/article/view/Forecasts_for_Inflation_and_Unemployment_Rate_Based_on_Models/pdf