The HPD Fan ChartT With Data Revision

Juan Julio

MPRA Paper from University Library of Munich, Germany

Abstract: The current implementation of the Fan Chart displays equal tail probability bands and do not take into account that the variable of interest may be subject to data revision. In this note I propose the use of Highest Probability Density, HPD, bands and include flexibility to display the risks related to data revision. Click here to obtain a Visual Basic for Excel routine. Please save the the as FanChartGdpGrowth.xls and enable Macros to run the program.

Keywords: Fan Chart; Forecasting Distribution; HPD (search for similar items in EconPapers)
JEL-codes: E31 E37 E59 (search for similar items in EconPapers)
Date: 2009-03-08
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Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/29141/1/MPRA_paper_29141.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/57714/8/MPRA_paper_57714.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:29141

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