Forecasting from An Econometric System of Interdependent Equations

Name: Forecasting from An Econometric System of Interdependent Equations
Brand: LAP Lambert Academic Publishing
SKU: 9783659857119
Price: 10638 HUF
Availability: InStock

Szerző: Jerzy Witold Wisniewski

Nyelv:

Kötés: Puha kötésű

Kiadó: LAP Lambert Academic Publishing

Elérhetőség: Beszállítói készleten

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The need emerged to construct forecasts for empirical systems of interdependent equations in econome...

Információk a könyvről

Szerző

Jerzy Witold Wisniewski

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2018

oldal

EAN

9783659857119

Enbook ID

20179523

Kiadó

LAP Lambert Academic Publishing

Súly

161

Méretek

150 x 220 x 6

Teljes leírás

The need emerged to construct forecasts for empirical systems of interdependent equations in econometric micromodels. As such, it became necessary to search for solutions, which provide convergent forecasts from structural-form equations of such a system. The procedure presented in the third and fourth chapters of this monograph, called a reduced-recursive procedure or a snail procedure can serve as a proposal for such a solution. It leads to convergent forecasts, which are characterized by the fact that they "mesh", as part of a feedback or in a cycle of closed relations. Therefore, it is necessary to find new prognostic solutions for systems of interdependent equations within the scope of econometric micromodels. Consideration of various proposals, and in particular obtaining a large number of microeconomic forecasts, will enable rational generalizations. This will foster the use of such forecasts to support the management in business entities. Good forecasting solutions in this field may trigger the demand for forecasting work in enterprises of all sizes. This, in turn, will support the further development of research on forecasting from systems of interdependent equations.

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