Prediction of the start of next recession using latent factors
The data on the binary recession variable and the latent factors extracted from a large set of economic variables are fitted with a multivariate power-normal distribution. A conditional distribution for the recession variable is obtained from the fitted multivariate distribution. The results based...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AIP Publishing
2016
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| Subjects: | |
| Online Access: | http://eprints.sunway.edu.my/435/1/Pooi%20Ah%20Hin%206.pdf http://eprints.sunway.edu.my/435/ http://www.aip.scitation.org http://dx.doi.org/10.1063/1.4966103 |
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