{"id":118950,"date":"2024-01-22T22:15:20","date_gmt":"2024-01-22T21:15:20","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/118950\/"},"modified":"2025-10-22T21:51:10","modified_gmt":"2025-10-22T19:51:10","slug":"consumer-confidence-and-consumption-forecast-a-non-parametric-approach","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/118950\/","title":{"rendered":"Consumer confidence and consumption forecast: a non-parametric approach"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-118950","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The consumer confidence index is a highly observed indicator among short-term analysts and news reporters and it is generally considered to convey some useful information about the short-term evolution of consumer expenditure. However, its usefulness in forecasting households' consumption is sometimes questioned in empirical studies. A possible weakness can be due to the use of a linear functional form to model the relation between these two variables. Here, in order to overcome this issue, a non-parametric model is used, so that overly restrictive assumptions about the functional form can be avoided.","onlinedate":"2014-02-01 01:00:00","lang":"English","publication_series":"","publication_date":"20140201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.springer.com\/10663","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"41","monthly_report_pages":"37-52","monthly_report_pages_sort":"37","issue":"1","journal":"Empirica","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[13305],"persons_data":"[{\"personId\":13305,\"personName\":\"Giancarlo Bruno\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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