Seven Leading Indexes of New Zealand Employment
This article constructs seven leading indexes of New Zealand employment and assesses their relative usefulness in terms of forecasting quarterly employment growth. Leading indexes have been widely used since their introduction in the late 1930s. One construction method dominated until academic research interest into alternative techniques re-appeared in the late 1980s. What has been missing so far in the literature is a thorough comparison of old and new techniques in terms of forecasting...[Show more]
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