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- W1488893991 abstract "We evaluate inflation forecasts from the Survey of Professional Forecasters (SPF) of the Central Bank of Chile. Forecast errors for the period 2000-2008 show an excess of autocorrelation and a statistically significant bias at the end of the sample. We take advantage of the bias and autocorrelation structure of the forecast errors to build new and more accurate inflation forecasts. We evaluate these new forecasts in an out-of sample exercise. The new forecasts display important reductions in bias and Mean Square Prediction Error. Moreover, these reductions are, in general, statistically significant." @default.
- W1488893991 created "2016-06-24" @default.
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- W1488893991 date "2008-08-01" @default.
- W1488893991 modified "2023-09-23" @default.
- W1488893991 title "Improving Inflation Forecasts From the Survey of Professional Forecasters in Chile" @default.
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