A Nowcasting Model for Canada: Do U.S. Variables Matter?
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DOI: 10.1016/j.ijforecast.2017.03.002
Abstract: We propose a dynamic factor model for nowcasting the growth rate of quarterly real{{p}}Canadian gross domestic product. We show that the proposed model produces more accurate nowcasts than those produced by institutional forecasters, like the… read more here.
Keywords: nowcasting model; canada; canada variables; model ... See more keywords
How Much Does the Cardinal Treatment of Ordinal Variables Matter? An Empirical Investigation
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DOI: 10.1017/pan.2020.55
Abstract: Abstract Many researchers use an ordinal scale to quantitatively measure and analyze concepts. Theoretically valid empirical estimates are robust in sign to any monotonic increasing transformation of the ordinal scale. This presents challenges for the… read more here.
Keywords: ordinal scale; treatment ordinal; much cardinal; cardinal treatment ... See more keywords