Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73743
Authors: 
Abberger, Klaus
Year of Publication: 
2005
Series/Report no.: 
Ifo Working Paper 13
Abstract: 
Investment in equipment and machinery is a very important component of GDP. In this paper we examine whether data from business tendency surveys are useful for a timely assessment of current investment behavior. In addition we investigate whether the survey results are helpful for forecastinginvestment growth in the short run. The first question is addressed with thehelp of spectral analysis. To study the forecast ability we estimate linearautoregressive and additive autoregressive models. The forecasting performance is assessed through filtered residuals. The analyses show that the business survey is indeed a useful tool for assessing investment in equipment and machinery.
Subjects: 
Business tendency surveys
forecasting
investment
linear autoregression
additive autoregression
JEL: 
C20
C40
Document Type: 
Working Paper

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