IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/29141.html
   My bibliography  Save this paper

The HPD Fan ChartT With Data Revision

Author

Listed:
  • Julio, Juan Manuel

Abstract

The current implementation of the Fan Chart displays equal tail probability bands and do not take into account that the variable of interest may be subject to data revision. In this note I propose the use of Highest Probability Density, HPD, bands and include flexibility to display the risks related to data revision. Click here to obtain a Visual Basic for Excel routine. Please save the the as FanChartGdpGrowth.xls and enable Macros to run the program.

Suggested Citation

  • Julio, Juan Manuel, 2009. "The HPD Fan ChartT With Data Revision," MPRA Paper 29141, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:29141
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/29141/1/MPRA_paper_29141.pdf
    File Function: original version
    Download Restriction: no
    File URL: https://mpra.ub.uni-muenchen.de/57714/8/MPRA_paper_57714.pdf
    File Function: revised version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Juan Manuel Julio, 2005. "Implementación, Uso e Interpretación del "Fan Chart"," Borradores de Economia 346, Banco de la Republica de Colombia.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Valeria Bejarano-Salcedo & Juan Manuel Julio-Román & Edgar Caicedo-García & Julián Alonso Cárdenas-Cárdenas, 2020. "Entendiendo, Modelando y Pronosticando el Efecto de “El Niño” Sobre los Precios de los Alimentos: El Caso Colombiano," Borradores de Economia 1102, Banco de la Republica de Colombia.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Johanna Inés Cárdenas Pinzón & Luis Eudoro Vallejo Zamudio, 2013. "Comportamiento de la inflación en Colombia 2002-2010 y régimen de metas de inflación," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, June.
    2. Jimy Ferrer Carbonell & Roberto Escalante Semerena, 2014. "Demanda de gasolina en la zona metropolitana del Valle de México: análisis empírico de la reducción del subsidio," Revista de Economía del Rosario, Universidad del Rosario, June.
    3. Juan Manuel Julio Román, 2007. "The Fan Chart: The Technical Details Of The New Implementation," Borradores de Economia 468, Banco de la Republica de Colombia.

    More about this item

    Keywords

    Fan Chart; Forecasting Distribution; HPD;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:29141. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.