LEADER 03081nam 2200613Ia 450 001 9910463991403321 005 20170817212416.0 010 $a1-4623-6888-3 010 $a1-4527-4804-7 010 $a1-282-84389-3 010 $a9786612843891 010 $a1-4518-7325-5 035 $a(CKB)3170000000055330 035 $a(EBL)1608415 035 $a(SSID)ssj0001477421 035 $a(PQKBManifestationID)11818672 035 $a(PQKBTitleCode)TC0001477421 035 $a(PQKBWorkID)11450170 035 $a(PQKB)11762841 035 $a(OCoLC)649426821 035 $a(MiAaPQ)EBC1608415 035 $a(EXLCZ)993170000000055330 100 $a20100421d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIncorporating market information into the construction of the fan chart$b[electronic resource] /$fprepared by Selim Elekdag and Prakash Kannan 210 $a[Washington, D.C.] $cInternational Monetary Fund, Research Dept.$d2009 215 $a1 online resource (23 p.) 225 1 $aIMF working paper ;$vWP/09/178 300 $a"August 2009." 311 $a1-4519-1751-1 327 $aContents; I. Introduction; II. Outline of Theory; A. Characterizing the Distribution of Global Growth; Box; 1. The Two-Piece Normal Distribution; B. Constructing Confidence Intervals; III. Using Survey- and Market-Based Information; Figures; 1. Constructing Confidence Intervals; A. Survey-based Measures; B. Market-based Measures; IV. An Example: Forecasting Global Growth; A. Choice of Risk Factors; Tables; 1. Estimated Elasticities and Skewness Coefficients; B. Estimating the Weighting Parameters .; C. Constructing the Fan Chart; D. Interpreting the Results 327 $a2. Dispersion of Forecasts for GDP and Selected Risk FactorsV. Conclusions; 3. Fan Chart for Global Growth and Skewness of Risk Factors; 4. Fan Chart for Global Growth Based on Direct Estimates of Variance and Skew; References 330 $aThis paper develops a simple procedure for incorporating market-based information into the construction of fan charts. Using the International Monetary Fund (IMF)'s global growth forecast as a working example, the paper goes through the theoretical and practical considerations of this new approach. The resulting spreadsheet, which implements the approach, is available upon request from the authors. 410 0$aIMF working paper ;$vWP/09/178. 606 $aEconomic forecasting$xEconometric models 606 $aTime-series analysis 608 $aElectronic books. 615 0$aEconomic forecasting$xEconometric models. 615 0$aTime-series analysis. 676 $a336.54 700 $aElekdag$b Selim$0894667 701 $aKannan$b Prakash$0876248 712 02$aInternational Monetary Fund.$bResearch Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463991403321 996 $aIncorporating market information into the construction of the fan chart$92110723 997 $aUNINA