Search: RMSEs
RBA Glossary definition for RMSEs
RMSEs – Root Mean Squared Errors
Search Results
Inflation Volatility and Forecast Accuracy
30 Oct 2009
RDP
PDF
507KB
For both models,the root mean squared error (RMSE) fell substantially from the first to the second. ... In other words,it always predicts no change in inflation. We also present the RMSEs of a.
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-06.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
Modelling Inflation in Australia
1 Jul 2010
RDP
PDF
497KB
They explain around 60 per cent of the variation in quarterly underlying inflation and have root mean squared errors (RMSE) that are generally less than 0.2 percentage points. ... a) RMSE is calculated as a weighted average of manufactures and
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-03.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
The Performance of Trimmed Mean Measures of Underlying Inflation
12 Dec 2006
RDP
PDF
328KB
In Section 5.3, we calculate the root mean squared error (RMSE) of the candidate measures versus similar measures of trend inflation.
https://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-10.pdf
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
A Perspective | Conference – 1993
12 Jul 1993
Conferences
Applying a similar test to BWFH over the forecast period of 1990/91 to 1992/93 gives the result that the root-mean-squared error (RMSE) of prediction for the real
https://www.rba.gov.au/publications/confs/1993/pagan.html
The Information Content of Financial Aggregates in Australia
1 Dec 2009
RDP
PDF
278KB
21 The ratios of the root mean squared error (RMSE) is comparable to the Theil-U statistic used. ... in forecast evaluation that compares a forecast RMSE to that of a random walk forecast.
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9606.pdf
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
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