Modeling Data Revisions

Número: 
641
Publicado: 
Clasificación JEL: 
C22, C53, C82
Palabras clave: 
Data Revisions, Now-casting, Real Time Economic Analysis

A dynamic linear model for data revisions and delays is proposed. This model extends Jacobs y Van Norden's [13] in two ways. First, the "true" data series is observable up to a fixed period of time M. And second, preliminary figures might be biased estima