https://www.bankofcanada.ca/2024/03/staff-working-paper-2024-10/
Forecasting Recessions in Canada: An Autoregressive Probit Model Approach - Bank of Canada
We forecast recessions in Canada using an autoregressive (AR) probit model. The results highlight the short-term predictive power of the US economic activity...
in canadaprobit modelforecastingrecessions