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- W2108359938 abstract "The objective of the paper is to compare the informational efficiency of five macroeconometric and one statistical quarterly forecasting models. The results suggest that the forecasters inefficiently utilize readily available economic information. The qualitative effect for a particular information variable is the same across all forecasters exhibiting inefficiency. Further, the magnitude on coefficients of significant information variables are quite close. In particular, real GNP forecasts appear to not fully incorporate information about lagged M 1 growth and lagged changes in housing starts. Deflator forecasts can be improved by more fully specifying the degree of slackness in the economy as captured by capacity utilization and changes in the labor market." @default.
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- W2108359938 date "1988-12-01" @default.
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- W2108359938 title "Informational efficiency tests of quarterly macroeconometric GNP forecasts from 1976 to 1985" @default.
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- W2108359938 doi "https://doi.org/10.1002/mde.4090090410" @default.
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