Bank of Canada paper on enhancing GDP forecasts
A Bank of Canada paper published in April examines different methods to incorporate information from high-frequency indicators to project current and next quarter gross domestic product (GDP) of the Chinese economy.
Philipp Maier, the paper's author, uses three types of mixed-frequency models – an economic activity indicator, an averaging over indicator model and a static factor model – to evaluate the different approaches to predict Chinese GDP for the current and the next quarter, or ‘nowcasts
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