TY - JOUR
T1 - Should we really care about Building Business Cycle Coincident Indicators
AU - Hecq, A.W.
PY - 2005/1/1
Y1 - 2005/1/1
N2 - Quite often, the goal of the game when developing new coincident indexes of the economic activity is the comparison with nber turning points. Using monte carlo simulations, this note illustrates that for the usa, any random linear combination of the four coincident variables would do the job as good as other more complicated methods.
AB - Quite often, the goal of the game when developing new coincident indexes of the economic activity is the comparison with nber turning points. Using monte carlo simulations, this note illustrates that for the usa, any random linear combination of the four coincident variables would do the job as good as other more complicated methods.
U2 - 10.1080/1350485042000338608
DO - 10.1080/1350485042000338608
M3 - Article
SN - 1350-4851
VL - 3
SP - 141
EP - 144
JO - Applied Economics Letters
JF - Applied Economics Letters
ER -