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- W1597396547 abstract "We explore whether forecasting an aggregate variable using information on its disaggregate components can improve the prediction mean squared error over first forecasting the disaggregates and then aggregating those forecasts, or, alternatively, over using only lagged aggregate information in forecasting the aggregate. We show theoretically that the first method of forecasting the aggregate should outperform the alternative methods in population. We investigate whether this theoretical prediction can explain our empirical findings and analyse why forecasting the aggregate using information on its disaggregate components improves forecast accuracy of the aggregate forecast of euro area and US inflation in some situations, but not in others." @default.
- W1597396547 created "2016-06-24" @default.
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- W1597396547 date "2006-01-01" @default.
- W1597396547 modified "2023-10-03" @default.
- W1597396547 title "Forecasting Economic Aggregates by Disaggregates" @default.
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- W1597396547 doi "https://doi.org/10.2139/ssrn.882790" @default.
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