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Quantifying Economic Performance: Forecasting in the Romanian Clothing Industry

Author

Listed:
  • Teodora Maria Suciu

    (“1st of December 1918” University of Alba Iulia, Faculty of Economic Sciences, Romania)

Abstract

This econometric modeling emphasizes quantifying various economic phenomena, particularly that which is diverse and unpredictable, as it provides important support to managers. Our approach aims to achieve an econometric multiple regression model to analyze economic performance through a case study conducted on a sample of 107 entities in the clothing industry in Romania. We considered Net Profit as a dependent variable and Fixed Assets, Current Assets, Equity, and Number of Employees as independent variables. The 4 hypotheses proposed were measured, tested, and validated using EViews software with multiple linear regression. The results of the model have been validated as econometric, so we believe that they provide useful predictions regarding analysis of the economic performance in the clothing industry in Romania.

Suggested Citation

  • Teodora Maria Suciu, 2023. "Quantifying Economic Performance: Forecasting in the Romanian Clothing Industry," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1083-1093, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1083-1093
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    References listed on IDEAS

    as
    1. Régis Bourbonnais, 2015. "Économétrie : cours et exercices corrigés," Post-Print hal-01491694, HAL.
    2. Albulescu, Claudiu Tiberiu, 2010. "Forecasting The Romanian Financial System Stability Using A Stochastic Simulation Model," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 81-98, March.
    3. Goran Buturac, 2021. "Measurement of Economic Forecast Accuracy: A Systematic Overview of the Empirical Literature," JRFM, MDPI, vol. 15(1), pages 1-28, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic performance; multiple linear regression; sample; forecasting; clothing industry;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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