publication . Article . 2013

Realisation Ratios in the Capital Expenditure Survey

Leon Berkelmans; Gareth Spence;
Open Access
  • Published: 01 Jan 2013
Abstract
The Australian Bureau of Statistics capital expenditure survey is one of the inputs into the Reserve Bank’s forecasts for private business investment. This article considers several methods for interpreting the expectations data from this survey and evaluates these methods using out-of-sample forecasts. Forecasts based on long-run average realisation ratios are found to be the most accurate of the options considered, although the use of these forecasts for predicting investment in the national accounts yields mixed results.
Subjects
free text keywords: Investment; forecasting; Capex survey

Connolly E and J Glenn (2009), 'Indicators of Business Investment', RBA Bulletin, December, pp 18-27.

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