A Dynamic Use of Survey Data and High Frequency Model Forecasting

Contributors from business and economics investigate the accuracy and dynamic performance of a high-frequency forecast model for the Japanese and US economies based on the Current Quarter Model, or high frequency model developed by the late Lawrence R. Klein. They also present a survey of recent developments in high-frequency forecasts and give an example of application of the Current Quarter Model in forecasting gross regional products. They cover a survey of flash data and nowcasting in Japan, the development of the Japanese Current Quarter Model and examples of its dynamic applications, the utilization and precision of the US Current Quarter Model, using the high-frequency forecast method to estimate local government gross regional products, and the nationwide development of preliminary estimates of local government gross regional products. Annotation ©2018 Ringgold, Inc., Portland, OR (protoview.com)