The contribution of opinion surveys in forecasting aggregate demand in the four main EC countries

This paper presents for the four main EC countries forecasting models of aggregate demand components based on various tendency surveys. Its objective is to work out practical models both in terms of data requirement and computation as the models are to be used regularly for very short-term forecasti...

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Bibliographic Details
Published in:Journal of economic psychology 1987-12, Vol.8 (4), p.409-428
Main Authors: Biart, Michel, Praet, Peter
Format: Article
Language:English
Subjects:
Aggregate
Demand
Economic models
Forecasting techniques
Macroeconomics
Regression analysis
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Summary:This paper presents for the four main EC countries forecasting models of aggregate demand components based on various tendency surveys. Its objective is to work out practical models both in terms of data requirement and computation as the models are to be used regularly for very short-term forecasting. In spite of a great simplicity of the specifications, the regression results prove quite acceptable. Forecasting exercises compare reasonably well with the results of more elaborate procedures.
ISSN:0167-4870
1872-7719
DOI:10.1016/0167-4870(87)90033-X