Forecasting Revisions of German Industrial Production

Klaus Wohlrabe and Pascal Bührig

MPRA Paper from University Library of Munich, Germany

Abstract: Macroeconomic variables, such as industrial production or GDP, are regularly and sometimes substantially revised by the official statistical offices. Nevertheless, there are only few attempts in the previous literature to investigate whether it is possible to forecast these revisions systematically. In this paper it is illustrated how revisions of German industrial production can be forecasted with respect both to the direction as well as to the level of the revision. We are the first that use a large data for this purpose.

Keywords: industrial production; revisions; forecasting; large data sets; forecast combination (search for similar items in EconPapers)
JEL-codes: C53 E37 E66 (search for similar items in EconPapers)
Date: 2015-10-29
New Economics Papers: this item is included in nep-for and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Forecasting revisions of German industrial production (2016)
Working Paper: Forecasting revisions of German industrial production (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:67513

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