Keeping a Finger on the Pulse of the Economy

Boriss Siliverstovs

No 12-302, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: This study evaluates forecasting performance of a large-scale factor model developed in Siliverstovs and Kholodilin (2012) in a genuine ex ante forecasting exercise. We perform our forecast of GDP growth in Switzerland in real time using real-time data vintages collected at weekly frequency. This allows us to monitor how newly released economic and financial data influence our forecasts and hence capture prevailing tendencies in current course of economic development.

Keywords: Business tendency surveys; Forecasting; Nowcasting; Real-time data; Dynamic factor model (search for similar items in EconPapers)
Pages: 14 pages
Date: 2012-04
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:12-302

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