Comparison of quarterly GDPP forecasts: Reserve Bank, the NZIER and National Bank of New Zealand
نویسنده
چکیده
• Up to 3 quarters ahead, our mean forecast errors for GDPP growth have been relatively small. However, 4 to 8 quarters ahead we have tended to over-predict quarterly GDPP growth by at least 0.25 per cent (on average). • In terms of accuracy and bias our GDPP growth forecasting performance has been similar to that of the NZIER. • We do not find a significant difference between the accuracy of the National Bank of New Zealand’s quarterly GDPP growth forecasts and our own.
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