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创造者
Anderson, Paul A.
删除限定条件 创造者: Anderson, Paul A.
创造者
Supel, Thomas M.
删除限定条件 创造者: Supel, Thomas M.
资源类型
Research Paper
删除限定条件 资源类型: Research Paper
学科
C52 - Model Evaluation, Validation, and Selection
删除限定条件 学科: C52 - Model Evaluation, Validation, and Selection
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Creator: Anderson, Paul A. and Supel, Thomas M. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 039 Abstract: This paper puts forward a method for improving the forecasting accuracy of an existing macroeconometric model without changing its policy response characteristics. The procedure is an extension and formalization of the practice of additive adjustments currently used by most forecasters. The method should be of special interest to forecasters who use models built by other investigators because it does not involve reestimation of the original model and uses only information routinely included in the documentation available to model users. The paper ends with a demonstration of the prediction improvement realized by application of this method to a version of the MIT-Penn-SSRC (MPS) model.
关键词: Multiperiod forecasting, MIT-Penn-SSRC model, MIT-Penn-MPS model, and Prediction 学科: C53 - Forecasting Models; Simulation Methods and C52 - Model Evaluation, Validation, and Selection