RDP 2017-01: Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach Equation

e ¯ ¯ = ( 20N ) 1 t=1996 2015 j=1 N e t,j MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaa0qaaeaacaWGLbaaaiabg2da9maabmaabaGaaGOmaiaaicdacqGHxiIkcaWGobaacaGLOaGaayzkaaWaaWbaaSqabeaacqGHsislcaaIXaaaaOWaaabCaeaadaaeWbqaaiaadwgadaWgaaWcbaGaamiDaiaacYcacaWGQbaabeaaaeaacaWGQbGaeyypa0JaaGymaaqaaiaad6eaa0GaeyyeIuoaaSqaaiaadshacqGH9aqpcaaIXaGaaGyoaiaaiMdacaaI2aaabaGaaGOmaiaaicdacaaIXaGaaGynaaqdcqGHris5aaaa@5230@