Short-Term GDP Forecasting: How Can Its Quality Be Improved
Monitoring of Russia's Economic Outlook. Moscow. 2017. No. 22, pp. 18-20
3 Pages Posted: 2 Jan 2018
Date Written: December 26, 2017
The issue of short-term GDP forecasts and their quality became especially important during the crisis period 2014–2016. The quality of forecasts can be improved be making use of high-frequency information and incorporating it (instead of the published quarterly statistics) into the dynamic factor models applied in preparing GDP forecasts.
Keywords: Russian economy, GDP, forecasting
JEL Classification: H68
Suggested Citation: Suggested Citation