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QSBO as a forecasting tool

Author

Listed:
  • O'Connor, Peter

    (New Zealand Institute of Economic Research)

  • Yang, Qing

    (New Zealand Institute of Economic Research)

Abstract

NZIER’s Quarterly Survey of Business Opinion (QSBO) contains a 50 year history of business opinion. While its predictive capabilities are well known, there are many more applications that can be pursued using QSBO data. This paper investigates one application, using the QSBO to forecast GDP and inflation up to four quarters ahead of official data releases.

Suggested Citation

  • O'Connor, Peter & Yang, Qing, 2011. "QSBO as a forecasting tool," NZIER Working Paper 2011/5, New Zealand Institute of Economic Research.
    • Handle: RePEc:ris:nzierw:2011_005
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    File URL: https://www.nzier.org.nz/publications/qsbo-as-a-forecasting-tool-nzier-working-paper-20115
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    More about this item

    Keywords

    economic forecasting; business surveys;

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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