Download This PaperDoes Data Vintage Matter for Forecasting?
Working Paper No. 99-15
47 Pages Posted: 29 Feb 2000
Date Written: October 1999
Abstract
This paper illustrates the use of a real-time data set for forecasting. The data set consists of vintages, or snapshots, of the major macroeconomic data available at quarterly intervals in real time. The paper explains the construction of the data set, examines the properties of several of the variables in the data set across vintages, and shows how forecasts can be affected by data revisions.
JEL Classification: C28, E37
Suggested Citation: Suggested Citation
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