A Comparison of Multi-step GDP Forecasts for South Africa.
To forecast at several, say h, periods into the future, a modeller faces two techniques: iterating one-step ahead forecasts (the IMS technique) or directly modeling the relation between observations separated by an h-period interval and using it for forecasting (DMS forecasting). It is known that st...
| Main Author: | |
|---|---|
| Format: | Working paper |
| Published: |
Department of Economics (University of Oxford)
2004
|