Search: RMSEs
RBA Glossary definition for RMSEs
RMSEs – Root Mean Squared Errors
Search Results
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
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
Volatility in International Capital Movements
15 Dec 2009
RDP
PDF
240KB
The Root Mean Squared Error (RMSE) serves as a measure of the fit for each model. ... However, for emerging economies the average RMSE for the naïve model is more than twice as large as that for industrialised countries (not shown).
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-09.pdf
The Real-time Forecasting Performance of Phillips Curves
2 Dec 2009
RDP
PDF
127KB
Forecasts for quarterly inflation (one quarter ahead). RMSE 0.31 0.32 0.44 0.33 0.38. ... RMSE of forecasts for quarterly inflation (one quarter ahead). 1976–1980 0.36 0.43 0.53 0.44 0.54.
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-12.pdf
Australian House Prices: A Comparison of Hedonic and Repeat-sales Measures
2 Dec 2009
RDP
PDF
176KB
Sydney – constant. Prices growth(a) 7.8 8.1 7.9. RMSE 25.1 25.4 25.7. ... RMSE 25.5 25.7 25.7. SSC 50.7 50.0 49.4. Brisbane – constant.
https://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-03.pdf
Measuring Housing Price Growth – Using Stratification to Improve Median-based Measures
2 Dec 2009
RDP
PDF
232KB
For each price measure we then calculate a root mean squared error (RMSE) between quarterly. ... 4, changes in the median and seasonally adjusted median are volatile with relatively high RMSEs.
https://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-04.pdf
Housing Leverage in Australia
2 Dec 2009
RDP
PDF
604KB
The root mean square error (RMSE) is about $26 000. In the regression model for Type II households our model explains about 46 per cent of the variation in individuals’ wage ... In the regression model for Type III households our model explains nearly
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-09.pdf
A Tale of Two Surveys: Household Debt and Financial Constraints in Australia
2 Dec 2009
RDP
PDF
168KB
A TALE OF TWO SURVEYS: HOUSEHOLD DEBT AND FINANCIAL CONSTRAINTS IN AUSTRALIA. Gianni La Cava and John Simon. Research Discussion Paper 2003-08. July 2003. Economic Research Reserve Bank of Australia. The authors thank Jeremy Lawson for assisting in
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-08.pdf
The Distribution and Measurement of Inflation
1 Dec 2009
RDP
PDF
325KB
17 All seasonal adjustment was conducted using EZ-X11. 20. MAD and RMSE. ... RMSE (sa). RMSE (nsa). 21. 3.6 Choosing the Statistical Core Inflation Series.
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9810.pdf
Forecasting Australian Economic Activity Using Leadership Indicators
1 Dec 2009
RDP
PDF
338KB
The RMSE results reported are those from thespecification with the smallest RMSE at the eight-quarter horizon. ... These are roughly the same magnitude as the RMSE statistics themselvesindicating that the forecasts are fairly unreliable.
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-02.pdf