Irem Sacakli-Sacildi

Do BVAR Models Forecast Turkish GDP Better Than UVAR Models?

Irem Sacakli-Sacildi · Journal of Economics, Management and Trade · 2015

Forecasting gross domestic product (GDP) is crucial for developing macroeconomic policies and managements. Vector autoregression models are one of the commonly used multivariate time series models for forecasting. The Bayesian vector autoregression models are used to avoid proble...