Search: RMSEs
RBA Glossary definition for RMSEs
RMSEs – Root Mean Squared Errors
Search Results
Measuring Core Inflation
1 Sep 1998
RDP
9810
The RMSE from a five-quarter moving average declines even more sharply than the MAD for very small trims. ... Seasonal adjustment reduced both the size and the asymmetry of the trim that minimised the MAD and RMSE.
https://www.rba.gov.au/publications/rdp/1998/1998-10/measuring-core-inflation.html
Forecastability of Inflation
9 Nov 2009
RDP
2009-06
IT countries experienced a slightly better improvement in RMSE compared to non-IT countries, but, on average, forecast errors remain slightly smaller in the non-IT country sample. ... country breakdown of the forecast performance in Table 5, based on the
https://www.rba.gov.au/publications/rdp/2009/2009-06/for-inflation.html
Appendix A: Predictability of Capital Flows
21 Dec 2009
RDP
2009-09
The Root Mean Squared Error (RMSE) serves as a measure of the fit for each model. ... Model. RMSE. i. /RMSE. Naïve. Countries for which p-value indicates significance at 5 per cent level.
https://www.rba.gov.au/publications/rdp/2009/2009-09/appendix-a.html
Twenty-five Years of Inflation Targeting in Australia: Are There Better Alternatives for the Next Twenty-five Years? | Conference – 2018
12 Apr 2018
Conferences
For the succeeding period (2012/13–2016/17), the RMSE for the May one-year-ahead nominal GDP forecast is almost twice that of inflation for the same period, although the ... 0.87. 0.70. 2007/08–2016/17. 1.45. 0.82. 1.04. 0.92. Notes: The RMSE is
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton.html
An Empirical BVAR-DSGE Model of the Australian Economy
2 Feb 2015
RDP
PDF
657KB
model (as measured by their root meansquared error (RMSE)). ... the forecasting performance across models primarilyby their RMSE and their bias.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-07.pdf
Capital Flows to China and the Issue of Hot Money: An Empirical Investigation
6 Dec 2010
Research Workshop
PDF
234KB
Reserve Bank of Australia Research Workshop 2010
https://www.rba.gov.au/publications/workshops/research/2010/pdf/lai.pdf
What Caused the Decline in US Business Cycle Volatility? | Conference – 2005
11 Jul 2005
Conferences
Two statistics on simulation errors are provided, the mean error (ME) and the root mean-squared error (RMSE). ... For both equations, the RMSE of the simulations is substantially lower than the standard error of the estimate for the 1962–94 sample
https://www.rba.gov.au/publications/confs/2005/gordon.html
Monetary Policy Goals for Inflation in Australia
30 Nov 2009
RDP
PDF
85KB
0.23 0.29. RMSE 1.27 1.21. # Announced in August of preceding year. ... 7 The weighted average RMSE of the individual OECD forecasts for the G7 countries over theperiod 1974-1992 was 1.5 per cent.
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9503.pdf
The Fit of the Model
1 Aug 1984
RDP
8401
TABLE 1: MEASURES OF FIT, LINEARISED RBA82 MODEL. RMSE. RMSE. 1959(4)–80(4). ... LINEARISED MODELS). RMSE 1963(2) – 1974(4). RBA76. RBA82. log d. 2.62.
https://www.rba.gov.au/publications/rdp/1984/8401/the-fit-of-the-model.html
Assessing the Mix-adjusted Median
31 Dec 2006
RDP
2006-04
A RMSE is then calculated between the ‘initial’ and ‘final’ estimate of price growth for each measure. ... 0.93. 0.93. 1.00. Panel B: Deviation from trend (quarterly RMSE). Sydney.
https://www.rba.gov.au/publications/rdp/2006/2006-04/assessing-the-mix-adjusted-median.html