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Turning-Point Diagnostics Accuracy Analysis of OECD Forecasts for Greece

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Abstract

Through the use of a simple turning - point error analysis the study attempts to evaluate the accuracy of OECD forecasts for Greece. Comparing our forecasts using low cost estimation time series forecasting techniques with those of the OECD, we concluded that the OECD should re-examine its methods in order to improve its forecasting results.

Suggested Citation

  • Tserkezos, Dikaios, 1998. "Turning-Point Diagnostics Accuracy Analysis of OECD Forecasts for Greece," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 51(3), pages 429-436.
    • Handle: RePEc:ris:ecoint:0300
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    More about this item

    Keywords

    Greek economy; turning-point error; forecasting accuracy; OECD;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications

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