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- W3217505869 abstract "Abstract There are various reasons why professional forecasters may disagree in their quotes for macroeconomic variables. One reason is that they target at different vintages of the data. We propose a novel method to test forecast bias in case of such unobserved heterogeneity. The method is based on so‐called symbolic regression, where the variables of interest become interval variables. We associate the interval containing the vintages of data with the intervals of the forecasts. An illustration to 18 years of forecasts for annual US real GDP growth, given by the Consensus Economics forecasters, shows the relevance of the method." @default.
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- W3217505869 date "2021-12-14" @default.
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- W3217505869 title "Evaluating heterogeneous forecasts for vintages of macroeconomic variables" @default.
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- W3217505869 doi "https://doi.org/10.1002/for.2835" @default.
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