Forecasting coin demand

Dean Croushore and Tom Stark

No 02-15, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: Shortages of coins in 1999 and 2000 motivated the authors to develop models for forecasting coin demand. A variety of models were developed, tested, and used in realtime forecasting. This paper describes the models that were developed and examines the forecast errors from the models both in quasi-ex-ante forecasting exercises and in realtime use. Tests for forecast efficiency are run on each model. Real-time forecasts are examined. The authors conclude with suggestions for further refinements of the models.

Keywords: Coinage (search for similar items in EconPapers)
Date: 2002
New Economics Papers: this item is included in nep-cba, nep-ecm and nep-mon
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Citations: View citations in EconPapers (3)

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