Kalman Filter or VAR Models to Predict Unemployment Rate in Romania?

This paper brings to light an economic problem that frequently appears in practice: For the same variable, more alternative forecasts are proposed, yet the decision-making process requires the use of a single prediction. Therefore, a forecast assessment is necessary to select the best prediction. Th...

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Bibliographic Details
Main Author: Simionescu Mihaela
Format: Article
Language:English
Published: Sciendo 2015-06-01
Series:Naše Gospodarstvo
Subjects:
Online Access:https://doi.org/10.1515/ngoe-2015-0009