Forecasting from An Econometric System of Interdependent Equations - Softcover

Wiśniewski, Jerzy Witold

 
9783659857119: Forecasting from An Econometric System of Interdependent Equations
Softcover
ISBN 10: 3659857114 ISBN 13: 9783659857119
Verlag: LAP LAMBERT Academic Publishing, 2018

Inhaltsangabe

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.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Reseña del editor

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.

„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.

Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2018
Sprache
Englisch
ISBN 10 
3659857114
ISBN 13 
9783659857119
Einband
Tapa blanda
Anzahl der Seiten
96
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Nicht verfügbar
Verantwortliche Person
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