00000nam 2200000za 4500 9.832340 CaOODSP 20221107145946 cr ||||||||||| 170214s2017 oncd obs f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-5/2017-2E-PDF Chernis, Tony. A dynamic factor model for nowcasting Canadian GDP growth [electronic resource] / by Tony Chernis and Rodrigo Sekkel. [Ottawa] : Bank of Canada, 2017. ii, 26 p. : col. charts Bank of Canada staff working paper, 1701-9397 ; 2017-2 "February 2017." Includes bibliographical references (p. 17-19). "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. Includes abstract in French. gccst Gross domestic product gccst Forecasting Sekkel, Rodrigo M. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2017-2 (CaOODSP)9.806221 PDF 1.18 MB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-2-eng.pdf