Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062613 | Economics Letters | 2006 | 5 Pages |
Abstract
We consider whether disaggregated data enhance the efficiency of aggregate employment forecasts. We find that incorporating spatial interaction into a disaggregated forecasting model lowers the out-of-sample mean squared error from a univariate aggregate model by 70% at a two-year horizon.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Rubén Hernández-Murillo, Michael T. Owyang,