Scandinavian Working Papers in Economics

Discussion Papers,
Statistics Norway, Research Department

No 924: Revisions in the Norwegian National Accounts. Accuracy, unbiasedness and efficiency in preliminary figures

Magnus Kvåle Helliesen (), Håvard Hungnes () and Terje Skjerpen ()
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Terje Skjerpen: Statistics Norway

Abstract: This paper investigates the quality of preliminary figures in the Norwegian national accounts. To address the problem of few observations in such analyses, we use some recently developed system tests. Preliminary figures for gross fixed capital formation (investments) under-predict the final figures. For other series in the Norwegian national accounts, we find that they are unbiased and weakly efficient.

Keywords: Forecasting

JEL-codes: C12; C22; C32; E01

37 pages, March 2020

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