Research Discussion Paper – RDP 2007-03 Forecasting with Factors: The Accuracy of Timeliness

Contents

• Introduction
• Factor Models and Timely Forecasting
• The Composition of Forecast Models
• Forecast Accuracy
• Conclusions
• Appendix A: Data Panel
• Appendix B: Alternative Factor Estimates
• References

Thanks to Christopher Kent, Kristoffer Nimark, Anthony Richards and Louise Wilkinson for helpful comments and suggestions. The views expressed in this paper are those of the authors and do not necessarily reflect those of the Reserve Bank of Australia.