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Patent news shocks help forecast establishment dynamics

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  • Mu-Jeung Yang

Abstract

Several ongoing survey programs by the US Census Bureau are based on sampling of establishments based on forecasted size. Current practice by the Census is to mainly rely on past size as predictor of future size. This project uses responsiveness to patent news shocks as additional forecast variables for establishment size and evaluates using such variables by showing out-of-sample prediction performance using machine learning.

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  • Mu-Jeung Yang, 2023. "Patent news shocks help forecast establishment dynamics," CES Technical Notes Series 23-13, Center for Economic Studies, U.S. Census Bureau.
    • Handle: RePEc:cen:tnotes:23-13
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