The data set consists of quarterly vintages, or snapshots, of the major macroeconomic data available at quarterly intervals in real time. The paper explains the construction of the data set, examines the properties of several of the variables in the data set across vintages, and provides an example showing how data revisions can affect forecasts.
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Working Paper
A Real-Time Data Set for Macroeconomists: Does Data Vintage Matter for Forecasting?
June 2000
WP 00-06 – This paper describes a real-time data set for macroeconomists that can be used for a variety of purposes, including forecast evaluation.
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