The following figure shows both the observed GDP and Kalman-Filter-smoothed GDP. Even though the Wilshire 5000 Index has increased since January 2021, the Kalman-Filter-smoothed GDP is expected to decrease.
The following figure shows both the observed GDP and Kalman-Filter-smoothed GDP. Even though the Wilshire 5000 Index has increased since January 2021, the Kalman-Filter-smoothed GDP is expected to decrease.