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Commentaires sur le traitement des inventaires dans le modèle CANDIDE

Author

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  • Claude Montmarquette

    (Université de Montréal)

Abstract

The CANDIDE model referring to the traditional stock adjustment model to specify its inventory investment equations, the comment stresses the difficulty of that kind of model to explain and predict correctly the behaviour of inventory holdings. After pointing out the incredible loan adjustment lags usually associated with the stock adjustment model, and also obtained with CANDIDE, the comment draws the attention on the annual data basis of CANDIDE and the fact that the behaviour of inventory holdings is most likely to be better observed with monthly data. Some references to alternative models of inventory holdings and to the temporal decision problem are also given.

Suggested Citation

  • Claude Montmarquette, 1976. "Commentaires sur le traitement des inventaires dans le modèle CANDIDE," L'Actualité Economique, Société Canadienne de Science Economique, vol. 52(1), pages 65-68.
    • Handle: RePEc:ris:actuec:v:52:y:1976:i:1:p:65-68
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    References listed on IDEAS

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    1. Zellner, Arnold & Montmarquette, Claude, 1971. "A Study of Some Aspects of Temporal Aggregation Problems in Econometric Analyses," The Review of Economics and Statistics, MIT Press, vol. 53(4), pages 335-342, November.
    2. Gordon, Robert J, 1970. "The Brookings Model in Action: A Review Article," Journal of Political Economy, University of Chicago Press, vol. 78(3), pages 489-525, May-June.
    3. Montmarquette, C., 1974. "A Model of Inventory Holdings with Empirical Application to Canadian Manufacturing Industries," Cahiers de recherche 7407, Universite de Montreal, Departement de sciences economiques.
    4. Michael C. Lovell, 1959. "Manufacturers' Inventories, Sales Expectations, and the Acceleration Principle," Cowles Foundation Discussion Papers 86, Cowles Foundation for Research in Economics, Yale University.
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