Bayesian Leading Indicators: Measuring and Predicting Economic Conditions in Iowa
International Economic ReviewPublished 1 November 1998
Christopher Otrok, Charles H. Whiteman
Citations214
SJR quartileQ1
SJR score3.24
SNIP1.51
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Abstract
This paper designs and implements a Bayesian dynamic latent factor model for a vector of data describing the Iowa economy. Posterior distributions of parameters and the latent factor are analyzed by Markov Chain Monte Carlo methods, and coincident and leading indicators are given by posterior mean values of current and predictive distributions for the latent factor.
Keywords
Economics, Econometrics and Finance
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