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Aggregate versus Subaggregate Models in Local Area Forecasting

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Pages 68-71 | Received 01 Feb 1974, Published online: 05 Apr 2012
 

Abstract

Should statistical forecasts be constructed by aggregating data to each level for which forecasts are required or aggregating the forecasts from the lower levels? The relevant literature suggests no general answer. In this study using actual data, forecasts aggregated from lower-level modeling were found best.

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