Comparative Analysis Regarding the Accuracy of State Budget Revenues Forecasts in Romania
The objective of this research is related to the comparison between the government planning for the revenues and our own forecasts based on an econometric model. An auto-adaptive model was constructed for the revenues, taking into account the previous expectations regarding the government revenues. The U1 Theil's statistic was used to make the comparison between the two forecasts in terms of accuracy. The comparison of each type of prediction with the naive forecasts based on random walk was made using U2 Theil's statistic. The proposed auto- adaptive model could also be used by the government as a possible strategy to improve the government revenues accuracy.
Volume (Year): 5 (2013)
Issue (Month): 4 (December)
|Contact details of provider:|| Postal: |
Web page: http://fbc.ucdc.ro/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:khe:journl:v:5:y:2013:i:4:p:205-210. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava)
If references are entirely missing, you can add them using this form.