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Title:On the importance of the arrival of new information PDF Logo
Authors:Chumacero, Rómulo A.
Issue Date:2010
Citation:[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 37 [Year:] 2010 [Issue:] 2 [Pages:] 207-215
Abstract:This paper develops a framework for evaluating the importance of the arrival of new information for forecasting, estimation, and decision making. By fusing known and recently developed statistical tests and concepts, the paper provides guidelines for detecting outliers, influential observations, innovations, and possible breaks in the end of the sample. The methodology is applied to analyze the Chilean CPI inflation.
Subjects:news
innovation
outlier
influential analysis
JEL:C52
C53
Document Type:Article
Appears in Collections:Estudios de Economia, Department of Economics, University of Chile

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