IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Construction industry forecasting model

  • Skribans, Valerijs

In economic literature are shown different methods and instruments of forecasting of separated factors. The most exactly from them take into account economic relations in investigation object. The paper presents the results of research conducted on forecasting in the construction industry. Development of a model for the construction industry is a complicated task. The paper offers a model for forecasting production volumes of the construction industry in Latvian conditions. The construction brunch consists of the extraction, treat (building material), builders and construction customer models. Component parts of the models reflect main factors of production (entrepreneural activity): natural factor (availability of resources), fixed capital (availability of production means), labor factor, working capital (availability of money resources), enterprising factor (entrepreneural spirit and availability of information). The main idea of the paper is that the suggested economic (econometric) model can produce a more accurately forecast than any other statistical, mathematical, and analytical forecasting approaches. The key of the model is theoretical dynamic simulation used for a real-life economic situation.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: original version
Download Restriction: no

File URL:
File Function: revised version
Download Restriction: no

File URL:
File Function: revised version
Download Restriction: no

File URL:
File Function: revised version
Download Restriction: no

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 16365.

in new window

Date of creation: 2002
Date of revision:
Handle: RePEc:pra:mprapa:16365
Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:16365. 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: (Ekkehart Schlicht)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.