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Sufficient Forecasting Using Factor Models

We consider forecasting a single time series when there is a large number of predictors and a possible nonlinear effect. The dimensionality was first reduced via a high-dimensional (approximate) factor model implemented by the principal component analysis. Using the extracted factors, we develop a n...

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Pubblicato in:J Econom
Autori principali: Fan, Jianqing, Xue, Lingzhou, Yao, Jiawei
Natura: Artigo
Lingua:Inglês
Pubblicazione: 2017
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Accesso online:https://ncbi.nlm.nih.gov/pmc/articles/PMC5931744/
https://ncbi.nlm.nih.gov/pubmed/29731537
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1016/j.jeconom.2017.08.009
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