Abstract
In spite of widespread criticism, macroeconometric models are still most popular for forecasting and policy, analysis. When the most recent data available on both the exogenous and the endogenous variable are preliminaryestimates subject to a revision process, the estimators of the coefficients are affected by the presence of the preliminary data, the projections for the exogenous variables are affected by the presence of data uncertainty, the values of lagged dependent variables used as initial values for, forecasts are still subject to revisions.
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