Working Paper

A Bayesian VAR Forecasting Model for the Philadelphia Metropolitan Area

Theodore M. Crone &
Michael P. McLaughlin

July 1999

WP 99-07 – Vector-autoregression (VAR) forecast models have been developed for many state economies, including the three states in the Third Federal Reserve District – Pennsylvania, New Jersey, and Delaware.

This paper extends that work by developing a Bayesian VAR forecast model for the Philadelphia metropolitan area and the city of Philadelphia.

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