Does data vintage matter for forecasting?

Dean Croushore and Tom Stark

No 99-15, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: This paper illustrates the use of a real-time data set for forecasting. The data set consists of vintages, or snapshots, of the major macroeconomic data available at quarterly intervals in real time. The paper explains the construction of the data set, examines the properties of several of the variables in the data set across vintages, and shows how forecasts can be affected by data revisions.

Keywords: Forecasting (search for similar items in EconPapers)
Date: 1999
New Economics Papers: this item is included in nep-ecm and nep-ets
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Citations: View citations in EconPapers (9)

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