Regression and Time Series Modeling of Real GDP, the Unemployment Rate, and the Impact of Leading Economic Indicators on Forecasting Accuracy

John B. Guerard ()
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John B. Guerard: McKinley Capital Management, LLC

Chapter Chapter 7 in The Leading Economic Indicators and Business Cycles in the United States, 2022, pp 163-289 from Springer

Abstract: Abstract In this chapter, we evaluate the forecasting efficiency of the Leading Economic IndicatorsLeading Economic Indicators (LEI)”, LEI. We apply ordinary least square and robust regressionRobust regression methodologies to test the efficiency of the LEI and its components on several well-studied macroeconomics series, real GDPReal GDP and the unemployment rate.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-99418-1_7

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DOI: 10.1007/978-3-030-99418-1_7

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