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Anticipatory GDP Indicator | 11-04-2010
 
Project Dates: September — December 2009

The project was implemente jointly with the investment company Renaissance Capital.


Project Outputs:

During the project the index representing a forecast of GDP where the general factors allocated from data serve as predicting variables was constructed. On the predesigns made on historical data, the developed index possesses accuracy not smaller, than monthly estimates of GDP. A potential benefit of an index also is that it is calculated on the basis of the big massif — more than 100 — monthly data and, thus, will be published with an essential advancing of official data of the Russian Federal Service of State Statistics according to gross GDP.
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