Title: Nowcasting of Economic Development Indicators Using the NBU’s Business Survey Results
Abstract:The article was devoted to the research of possibilities to use Business Outlook Survey results, which are carried out by National Bank of Ukraine, for the short-term forecasting of economic developme...The article was devoted to the research of possibilities to use Business Outlook Survey results, which are carried out by National Bank of Ukraine, for the short-term forecasting of economic development, in particular, the Gross Domestic Product of Ukraine. The different methods of building of the leading index of economic development, their advantages, and their restrictions are examined. The choice of the best index, which provides for the higher accuracy of forecasting the GDP, is carried out with the use of econometric models.Read More