Realisation Ratios in the Capital Expenditure Survey

Leon Berkelmans and Gareth Spence
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Leon Berkelmans: Reserve Bank of Australia
Gareth Spence: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2013, 1-6

Abstract: The Australian Bureau of Statistics capital expenditure survey is one of the inputs into the Reserve Bank’s forecasts for private business investment. This article considers several methods for interpreting the expectations data from this survey and evaluates these methods using out-of-sample forecasts. Forecasts based on long-run average realisation ratios are found to be the most accurate of the options considered, although the use of these forecasts for predicting investment in the national accounts yields mixed results.

Keywords: Investment; forecasting; Capex survey (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)

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