Search: RMSEs
RBA Glossary definition for RMSEs
RMSEs – Root Mean Squared Errors
Search Results
Forecasting Performance Comparison
23 Sep 2008
RDP
2008-04
To evaluate the forecasting performance of the models we construct out-of-sample forecasts and compute their RMSE. ... Table 4: RMSE of BVAR-DSGE 2002:Q1–2007:Q4, VAR(3). Variable. One quarter ahead.
https://www.rba.gov.au/publications/rdp/2008/2008-04/for-per-comparisons.html
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Introduction
16 May 2008
RDP
2008-02
2007). While point forecast combinations are usually evaluated according to root mean squared errors (RMSE), the criteria for evaluating density forecasts are less clear cut.
https://www.rba.gov.au/publications/rdp/2008/2008-02/introduction.html
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Indicators of Labour Demand
19 Sep 2013
Bulletin
– September 2013
There are several indicators of labour demand that can be used to assess labour market conditions and as inputs into forecasts of employment growth. These include measures of job vacancies, job advertisements and business surveys of employment
https://www.rba.gov.au/publications/bulletin/2013/sep/1.html
Econometric Analysis
31 Dec 2015
RDP
2015-06
The aggregate level of credit losses predicted by Model C fits actual losses quite closely (the RMSE is 0.15), so this model provides a macro-level explanation that, while suffering ... This omission of lending standards is partly responsible for the
https://www.rba.gov.au/publications/rdp/2015/2015-06/eco-analysis.html
Out-Of-Sample Forecasting
1 Nov 1996
RDP
9606
For each forecast horizon from 1 to 8 periods into the future, the root mean squared error (RMSE) is generated for each model. ... forecast. In our case, if the financial aggregates add no value to the forecast, the two VAR model alternatives should have
https://www.rba.gov.au/publications/rdp/1996/9606/out-of-sample-forecasting.html
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Government Bond Market Functioning and COVID-19
27 Jul 2020
Bulletin
– September 2020
The market for Australian Government Securities is a critical fixed income market in Australia, including because it serves as a pricing benchmark for many other interest rates in the economy.
https://www.rba.gov.au/publications/bulletin/2020/sep/government-bond-market-functioning-and-covid-19.html
An Empirical Comparison of Alternative Measures
31 Dec 2006
RDP
2006-03
54.0. Melbourne – constant. Prices growth. (a). 8.5. 8.8. 8.7. RMSE. ... Brisbane – constant. Prices growth. (a). 6.0. 6.3. 6.3. RMSE. 25.0.
https://www.rba.gov.au/publications/rdp/2006/2006-03/an-empirical-comparison-of-alternative-measures.html
The Stability of Money Demand
1 May 1987
RDP
8703
1.143. 2.84. RMSE. b. =0.029. 0.097. 5. γ. 2. = 0. ... 2.769). 0.00. 0.962. 2.95. RMSE. b. =0.014. 0.087. 5. γ. 2. =
https://www.rba.gov.au/publications/rdp/1987/8703/the-stability-of-money-demand.html
Multivariate Modelling
1 Aug 1986
RDP
8612
is the optimal forecast and. is the forecast error. By comparing the root mean square error (RMSE) of μ to. , ... Max. Min. RMSE. Australia. M3 (monthly). μ. 011. 009. –. –. 014. 587. 053. 99. 66. –. μ. 012. 005. –. –. –. F. 0.0008. 010.
https://www.rba.gov.au/publications/rdp/1986/8612/multivariate-modelling.html
Is it Possible to Pick Good Forecasters?
1 Aug 1983
RDP
8302
It is tempting to award points to the forecasts that did best on average, judged by both RMSE and correlation. ... That is, the forecasters were ranked from one to twelve by the size of their RMSE for each variable for each year.
https://www.rba.gov.au/publications/rdp/1983/8302/is-it-possible-to-pick-good-forecasters.html