English, Article, Journal or magazine article edition: Real-Time Tests of the Leading Economic Index: Do Changes in the Index Composition Matter? Robert H. McGuckin; Ataman Ozyildirim

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/11693
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Real-Time Tests of the Leading Economic Index: Do Changes in the Index Composition Matter?
Author
  • Robert H. McGuckin
  • Ataman Ozyildirim
Physical Description
  • preprint
Notes
  • This paper reports real-time out-of-sample tests of the ability of the U.S. Index Leading Economic Indicators (LEI) to forecast the economy using "composition-changing" "as-published" versions of the LEI. It is an extension of recent work that focused on forecasts with a "composition-constant" LEI. The results demonstrate that the LEI helps forecasts and compositional change in the LEI does not account for poor real-time out-of-sample forecast performance found in earlier work. Reviews of the historical record reinforce the findings.
  • Business cycle, Indicators, Leading index, Times series, Forecasting
  • RePEc:cnf:wpaper:0304
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment