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Forecasting revisions of German industrial production

Author

Listed:
  • Bührig, Pascal
  • Wohlrabe, Klaus

Abstract

Macroeconomic variables, such as industrial production or GDP, are regularly and sometimes substantially revised by the official statistical offices. Nevertheless, there are only few attempts in the previous literature to investigate whether it is possible to forecast these revisions systematically. In this article, it is illustrated how revisions of German industrial production can be forecasted with respect to both the direction and the level of the revision. We are the first to use a large data set for this purpose.

Suggested Citation

  • Bührig, Pascal & Wohlrabe, Klaus, 2016. "Forecasting revisions of German industrial production," Munich Reprints in Economics 43524, University of Munich, Department of Economics.
  • Handle: RePEc:lmu:muenar:43524
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    Cited by:

    1. Pascal Bührig & Klaus Wohlrabe, 2015. "Revisionen der deutschen Industrieproduktion und die ifo Indikatoren," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(21), pages 27-31, November.
    2. Robert Lehmann, 2023. "The Forecasting Power of the ifo Business Survey," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 19(1), pages 43-94, March.
    3. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88, October.

    More about this item

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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