PL EN


Journal
2013 | 1(39) | 40-51
Article title

Forecasting industrial production in Poland – a comparison of different methods

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
In this paper we compared the accuracy of a few forecasting methods of the industrial production index in Poland. Naïve forecasts, simple autoregressive models, leading indicator models, factor models as well as joint models were included in the considerations. We used the out-of-sample RMSE and CPA tests as the main measures of the predictions accuracy. We found that three models provided the best predictions in most cases – the models with the PMI index and with the PMI and German IFO indexes as leading indicators as well as joint forecasts.
Journal
Year
Issue
Pages
40-51
Physical description
Dates
published
2013
Contributors
  • Uniwersytet Ekonomiczny w Katowicach
References
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Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-06e48aa5-1ce5-4a7b-a24a-828fe08afbd5
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