IDEAS home Printed from
   My bibliography  Save this paper

The Fan Chart: The Technical Details Of The New Implementation


  • Juan Manuel Julio


. Our current implementation of the Fan Chart follows the originalBritton Fisher and Whitley [2] and Blix and Sellin [1] proposal in which theinputs enter at the fourth and ninth quarters and are distributed within theforecasting horizon according to pre established weights. This procedure doesnot allow enough °exibility to control the shape of the distribution at theshorter end of the horizon when more reliable information is available. Onthe other hand, no published material presents the details of the Fan Chartcomputation. In this note all the technical details of the new implementationare described. This implementation provides more °exibility than the previousone since it permits the inputs to be entered on a quarterly basis instead ofon a yearly basis. A Visual Basic for Excel program is available.

Suggested Citation

  • Juan Manuel Julio, 2007. "The Fan Chart: The Technical Details Of The New Implementation," Borradores de Economia 4294, Banco de la Republica.
  • Handle: RePEc:col:000094:004294

    Download full text from publisher

    File URL:
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    1. Juan Manuel Julio, 2005. "Implementacion, Uso e Interpretación del FAN CHART," Borradores de Economia 2815, Banco de la Republica.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Leonardo Villar-Gómez & Javier Gómez & Andrés Murcia Pabón & Wilmar Cabrera & Hernando Vargas, 2023. "The monetary and macroprudential policy framework in Colombia in the last 30 years: lessons learnt and challenges for the future," BIS Papers chapters, in: Bank for International Settlements (ed.), Central banking in the Americas: Lessons from two decades, volume 127, pages 87-112, Bank for International Settlements.
    2. -, 2010. "Economics of climate change in Latin America and the Caribbean: summary 2010," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2990 edited by Eclac, March.
    3. Wagner Piazza Gaglianone & João Victor Issler, 2014. "Microfounded Forecasting," Working Papers Series 372, Central Bank of Brazil, Research Department.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Julio, Juan Manuel, 2009. "The HPD Fan ChartT With Data Revision," MPRA Paper 29141, University Library of Munich, Germany.
    2. Jimy Ferrer Carbonell & Roberto Escalante Semerena, 2014. "Demanda de gasolina en la zona metropolitana del Valle de México: análisis empírico de la reducción del subsidio," Revista de Economía del Rosario, Universidad del Rosario, June.

    More about this item


    Fan Chart; Forecasting Distribution; Balance of Risks.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:


    This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:
    1. Split normal distribution in Wikipedia English


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000094:004294. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Clorith Angelica Bahos Olivera (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.