English, Article edition: Forcasting GDP using external data sources Graeme Chamberlin

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/77870
Physical Description
  • article
Language
  • English

Edition details

Title
  • Forcasting GDP using external data sources
Author
  • Graeme Chamberlin
Physical Description
  • article
Notes
  • Describes how principal components analysis can be used to construct an alternative estimate of GDP.The Office for National Statistics (ONS) is the official provider of National Accounts data in the UK. However, business surveys and financial markets also provide a large number of other possible indicators of economic activity. This article outlines how ONS might use this “external“ data in compiling gross domestic product (GDP) estimates. A study of the literature suggests that these indicators may be useful predictors of economic activity, but their forecast performance in “real time“ is not proven. As a result ONS uses this data cautiously and only as an informal guide and a check on its own statistics. As there are a large number of potential indicators, this article describes how principal components analysis can be used to construct an alternative estimate of GDP which aims to summarise the external data “view of the world“ for comparison purposes. Economic &​ Labour Market Review (2007) 1, 18–23; doi:10.1057/​palgrave.elmr.1410120
  • RePEc:pal:ecolmr:v:1:y:2007:i:8:p:18-23
Language
  • English
Contributed by
OAIster

Get this edition

  • 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