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Macroeconomic Forecast Models – Concepts And Theoretical Notions

Author

Listed:
  • Florin Paul Costel LILEA

    („Artifex” University of Bucharest)

  • Andreea – Ioana MARINESCU

    (Bucharest University of Economic Studies)

Abstract

The present age is characterized by a rapid system of change, thus increasing the need to know these changes with the anticipation of future developments. Even if, in anticipation of future developments with the help of the macroeconomic forecast, we are talking about relative knowledge, this knowledge allows both the creation of a set of solutions to adapt to the transformations that are required, as well as the reduction of possible risks. Thus, in this article, the authors intend to present some theoretical notions regarding the macroeconomic forecast and its role in determining the evolution of activities carried out in various economic or social sectors. At the same time, based on the theoretical notions, the authors will present the particularities of the use of the linear regression model in the analysis of the evolution of the macroeconomic indicators.

Suggested Citation

  • Florin Paul Costel LILEA & Andreea – Ioana MARINESCU, 2017. "Macroeconomic Forecast Models – Concepts And Theoretical Notions," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 118-123, June.
    • Handle: RePEc:rsr:supplm:v:65:y:2017:i:6:p:118-123
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    anticipation; macroeconomic forecast; model; simple regression; evolution;
    All these keywords.

    JEL classification:

    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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