000 01683cam  2200313za 4500
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008170214s2017    oncd    obs  f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-5/2017-2E-PDF
1001 |aChernis, Tony.
24512|aA dynamic factor model for nowcasting Canadian GDP growth |h[electronic resource] / |cby Tony Chernis and Rodrigo Sekkel.
260 |a[Ottawa] : |bBank of Canada, |c2017.
300 |aii, 26 p. : |bcol. charts
4901 |aBank of Canada staff working paper, |x1701-9397 ; |v2017-2
500 |a"February 2017."
504 |aIncludes bibliographical references (p. 17-19).
5203 |a"This paper estimates a dynamic factor model (DFM) for nowcasting Canadian grossdomestic product. The model is estimated with a mix of soft and hard indicators, and itfeatures a high share of international data. The model is then used to generate nowcasts,predictions of the recent past and current state of the economy. In a pseudo real-timesetting, we show that the DFM outperforms univariate benchmarks as well as othercommonly used nowcasting models, such as mixed-data sampling (MIDAS) and bridge regressions"--Abstract, p. ii.
546 |aIncludes abstract in French.
69207|2gccst|aGross domestic product
69207|2gccst|aForecasting
7001 |aSekkel, Rodrigo M.
7102 |aBank of Canada.
830#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2017-2|w(CaOODSP)9.806221
85640|qPDF|s1.18 MB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-2-eng.pdf