The Fan Chart: The Technical Details Of The New Implementation
Abstract. Our current implementation of the Fan Chart follows the originalBritton Fisher and Whitley  and Blix and Sellin  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.
|Date of creation:||19 Nov 2007|
|Date of revision:|
|Contact details of provider:|| |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Juan Manuel Julio, 2005.
"Implementacion, Uso e Interpretación del FAN CHART,"
BORRADORES DE ECONOMIA
002815, BANCO DE LA REPÚBLICA.
- Juan Manuel Julio, . "Implementación, Uso e Interpretación del "Fan Chart"," Borradores de Economia 346, Banco de la Republica de Colombia.
When requesting a correction, please mention this item's handle: RePEc:col:000094:004294. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Clorith Angélica Bahos Olivera)
If references are entirely missing, you can add them using this form.