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Forecasting aggregate retail sales may improve portfolio investors׳ ability to predict movements in the stock prices of retail chains. This paper uses 26 (23 single and 3 combination) forecasting models to forecast South Africa׳s aggregate seasonal retail sales. We use data from 1970:01–2012:05, with 1987:01–2012:05 as the out-of-sample period. Unlike the previous literature on retail sales forecasting,...
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