John Wood's research while affiliated with Office for National Statistics and other places
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Publication (1)
Outlines the contexts where foreecasts are required, describes the techniques used and examines some issues faced by ONSThe Office for National Statistics (ONS) often makes use of forecasts in the production of its statistical outputs. The purpose of this article is to outline the contexts where forecasts are required, to describe the techniques us...
Citations
... The importance of timely and precise measures of the economy is emphasized in a large literature on real-time data analysis, which shows that data revisions pose a severe challenge to forecasters and policymakers; see, for example, Croushore (2011). Hence, on the side of statistical agencies, most prominently for quarterly national accounts, efforts are made to produce accurate statistics by bringing together a large amount of primary data sources, typically surveys; see Bureau of Economic Analysis (2017), Wood andElliott (2007), andFederal Statistical Office (2008) for GDP calculation in the US, in the UK, and in Germany. ...
