The Library
Nowcasting and predicting data revisions using panel survey data
Tools
Matheson, Troy D., Mitchell, James and Silverstone, Brian (2010) Nowcasting and predicting data revisions using panel survey data. Journal of Forecasting, Vol.29 (No.3). pp. 313-330. doi:10.1002/for.1127 ISSN 0277-6693.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://dx.doi.org/10.1002/for.1127
Abstract
The qualitative responses that firms give to business survey questions regarding changes in their own output provide a real-time signal of official output changes. The most commonly used method to produce an aggregate quantitative indicator from business survey responses—the net balance or diffusion index—has changed little in 40 years. This paper investigates whether an improved real-time signal of official output data changes can be derived from a recently advanced method on the aggregation of survey data from panel responses. We find, in a New Zealand application, that exploiting the panel dimension to qualitative survey data gives a better in-sample signal about official data than traditional methods. Out-of-sample, it is less clear that it matters how survey data are quantified, with simpler and more parsimonious methods hard to improve. It is clear, nevertheless, that survey data, exploited in some form, help to explain revisions to official data. Copyright © 2009 John Wiley & Sons, Ltd.
Item Type: | Journal Article | ||||
---|---|---|---|---|---|
Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
Journal or Publication Title: | Journal of Forecasting | ||||
Publisher: | John Wiley & Sons Ltd. | ||||
ISSN: | 0277-6693 | ||||
Official Date: | April 2010 | ||||
Dates: |
|
||||
Volume: | Vol.29 | ||||
Number: | No.3 | ||||
Page Range: | pp. 313-330 | ||||
DOI: | 10.1002/for.1127 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |