Abstract
This paper uses a time varying parameter (TVP) approach to model and forecast the aggregate consumers’ expenditure on non-durables and services in the UK. The results suggest that the TVP method is particularly useful in forecasting when the structure of the consumption model is unstable.
Original language | English |
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Pages (from-to) | 339-342 |
Number of pages | 4 |
Journal | Applied Economics Letters |
Volume | 2 |
Issue number | 10 |
DOIs | |
Publication status | Published - 1 Oct 1995 |
Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics