The Fan Chart: The Technical Details Of The New Implementation
AbstractAbstract. Our current implementation of the Fan Chart follows the original Britton Fisher and Whitley  and Blix and Sellin  proposal in which the inputs enter at the fourth and ninth quarters and are distributed within the forecasting horizon according to pre established weights. This procedure does not allow enough °exibility to control the shape of the distribution at the shorter end of the horizon when more reliable information is available. On the other hand, no published material presents the details of the Fan Chart computation. In this note all the technical details of the new implementation are described. This implementation provides more °exibility than the previous one since it permits the inputs to be entered on a quarterly basis instead of on a yearly basis. A Visual Basic for Excel program is available.
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Bibliographic InfoPaper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 004294.
Date of creation: 19 Nov 2007
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- Juan Manuel Julio Román, . "The Fan Chart: The Technical Details Of The New Implementation," Borradores de Economia 468, Banco de la Republica de Colombia.
- Bal - Schools of Economic Thought and Methodology - - - - -
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- Ris - Urban, Rural, Regional, Real Estate, and Transportation Economics - - - - -
- Cla - Mathematical and Quantitative Methods - - - - -
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