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Forecast issued at 4:15 pm EST on Wednesday 7 May 2025. Mostly sunny. Winds southeasterly 20 to 30 km/h. Overnight temperatures falling to between 15 and 19 with daytime temperatures reaching the mid ...

Here's why. (1) The HP filter produces series with spurious dynamic relations that have no basis in the underlying data-generating process. (2) Filtered values at the end of the sample are very ...