Determining Number of Factors in Dynamic Factor Models Contributing to GDP Nowcasting
Real-time nowcasting is a process to assess current-quarter GDP from timely released economic and financial series before the figure is disseminated in order to catch the overall macroeconomic conditions in real time. In economic data nowcasting, dynamic factor models (DFMs) are widely used due to t...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-11-01
|
| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/9/22/2865 |