Evaluating GDP Forecasting Models for Korea /

This paper develops a new forecasting framework for GDP growth in Korea to complement and further enhance existing forecasting approaches. First, a range of forecast models, including indicator- and pure time-series models, are evaluated for their forecasting performance. Based on the evaluation res...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Zeng, Li
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2011.
Cyfres:IMF Working Papers; Working Paper ; No. 2011/053
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781455220977 
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100 1 |a Zeng, Li. 
245 1 0 |a Evaluating GDP Forecasting Models for Korea /  |c Li Zeng. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (23 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper develops a new forecasting framework for GDP growth in Korea to complement and further enhance existing forecasting approaches. First, a range of forecast models, including indicator- and pure time-series models, are evaluated for their forecasting performance. Based on the evaluation results, a new forecasting framework is developed for GDP projections. The framework also generates a data-driven reference band for the projections, and is therefore convenient to update. The framework is applied to the current World Economic Outlook (WEO) forecast period and the Great Recession to compare its performance to past projections. Results show that the performance of the new framework often improves the forecasts, especially at quarterly frequency, and the forecasting exercise will be better informed by cross-checking with the new data-driven framework projections. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/053 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/053/001.2011.issue-053-en.xml  |z IMF e-Library