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Application of epsilon method to modeling expectations in construction

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Author Info

  • Natalia Nehrebecka

    ()
    (Faculty of Economic Sciences, University of Warsaw
    Department of Statistics, National Bank of Poland)

  • Sylwia Grudkowska

    (Department of Statistics, National Bank of Poland)

Abstract

The epsilon method has been applied to examine the strength of relations among selected objective and subjective factors connected with a manager’s predictions of their companies’ development. The aim of this research was to study which variable has the strongest impact on business expectations in the construction industry. The results offer compelling evidence that respondents rely both on their current opinion on enterprise as well as on general economic situation. The survey was carried out based on Polish data from 2000:1 to 2008:10.

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File URL: http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP24.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2010-01.

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Length: 13 pages
Date of creation: 2010
Date of revision:
Handle: RePEc:war:wpaper:2010-01

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Keywords: epsilon method; multivariate statistical analysis; singular value decomposition;

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