This volume investigates the accuracy and dynamic performance of a
high-frequency forecast model for the Japanese and United States
economies based on the Current Quarter Model (CQM) or High
Frequency Model (HFM) developed by the late Professor Emeritus
Lawrence R. Klein. It also presents a survey of recent developments
in high-frequency forecasts and gives an example application of the
CQM model in forecasting Gross Regional Products (GRPs).
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