Forecasting Using Leading Indicators.
WISCONSIN UNIV MADISON DEPT OF STATISTICS
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It is frequently the case that forecasts of a discrete stochastic process Y sub t can be much improved by using information coming from some related process X sub t particularly if changes in Y tend to be anticipated by changes in X, in which case X is said to be a leading indicator for Y. The report shows information from leading indicators may be appropriately incorporated in computing forecasts. Author
- Statistics and Probability