U.S. Retail Sales, February 2014 Preview: Slight Rise Expected
James Picerno | Mar 12, 2014 05:57AM ET
US retail sales are expected to rise 0.1% in tomorrow’s February report vs. the previous month, according to The Capital Spectator’s median econometric forecast. The prediction represents an improvement over the previously reported 0.4% decrease for January. Meanwhile, the Capital Spectator’s median projection for February is slightly below three consensus estimates based on recent surveys of economists.
Here’s a closer look at the numbers, followed by brief definitions of the methodologies behind The Capital Spectator’s projections:
R-2: A R .
ARIMA: An “forecast” package.
ES: An “forecast” package.
VAR-6: A “vars” package.
TRI: A model that’s based on combining point forecasts, along with the upper and lower prediction intervals (at the 95% confidence level), via a technique known as “triangle” package.
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