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A Model to Forecast the Evolution of the Structure of a System of Economic Indicators

Author

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  • Andreica, Marin

    (Professor, Academy of Economic Studies, Bucharest)

Abstract

The problem of forecasting the economic systems' activity over a large time horizon is the main concern of both the researchers in the economic field and the system managers. In most cases, its solving is reduced to simulating the structure of the economic indicators which render the system activity. Usually, a certain mode of structuring the indicators is supposed and the functional and statistical correlations among the indicators is considered as previously known (according to certain tolerances).

Suggested Citation

  • Andreica, Marin, 2006. "A Model to Forecast the Evolution of the Structure of a System of Economic Indicators," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 3(1), pages 65-73, March.
    • Handle: RePEc:rjr:romjef:v:3:y:2006:i:1:p:65-73
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    File URL: http://www.ipe.ro/rjef/rjef1_06/rjef1_06_5.pdf
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    Citations

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    Cited by:

    1. Andreica, Madalina Ecaterina & Andreica, Marin, 2014. "Forecast of Romanian Industry Employment using Simulation and Panel Data Models," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 130-140, June.

    More about this item

    Keywords

    forecasting; model; statistical correlations; factorial analysis;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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