Selecting Single Model in Combination Forecasting Based on Cointegration Test and Encompassing Test

Table 1

N999 fitting sample series.

Quarter	Year
	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000
1	3944.5	3969	4389	4244	4497	4938.5	5031	4895	5120.5	5790	6302.5
2	3901	4068	4311.5	4244	4475.5	5012.5	4994	5034	5262.5	5944.5	6207
3	3802.5	4250	4274.5	4185	4697.5	5071	4984.5	5018.5	5355	5984.5	6805.5
4	3737.5	4373.5	4222	4370.5	4913.5	4978.5	4975.5	5145	5475.5	6009.5	7185