Un Pronóstico no Paramétrico de la Inflación Colombiana
This paper contains the results of a non parametric multi-step ahead forecast for the monthly Colombian inflation, using Mean conditional Kernel estimation over inflation changes, with no inclusion of exogenous variables. The results are compared with those from an ARIMA and a nonlinear STAR. The nonparametric forecast over perform the others two, as well as being the only, from the three, that statistically improved the naive forecast given by a random-walk model.
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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number
248.
| Length: | |
| Date of creation: | Jun 2003 |
| Handle: | RePEc:bdr:borrec:248 |
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References listed on IDEAS
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