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Forecasting from Multi-equation Econometric Micromodels - Jerzy Witold Wiśniewski

Forecasting from Multi-equation Econometric Micromodels

Buch | Hardcover
VIII, 148 Seiten
2023 | 2023
Springer International Publishing (Verlag)
978-3-031-27491-6 (ISBN)
CHF 149,75 inkl. MwSt
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Forecasting from multi-equation models has very rarely been the focus in econometric literature. In response, this book presents a range of methodologies to approach this complex field and offers readers essential information on forecasting from multi-equation econometric micromodels.

In the twentieth century, significant interest in econometric macromodels emerged. These multi-equation models are mostly systems of interdependent equations, most often used to describe the national economies of various countries. The book analyzes econometric forecasting procedures and illustrates them with empirical examples that are based on real economic (mostly business-derived) data. The procedure of forecast building from systems of interdependent equations is presented for two categories of econometric models: models with a feedback effect and models with closed-loop links between interdependent variables.

The forecasts obtained via this technique are compared with the results derived from reduced-form equations of the respective econometric model. The author also generalizes the rules of the reduced-recursive (helical, iterative) procedure application, against the backdrop of the proposed method of forecast building from reduced-form equations of systems of interdependent equations. Given its scope, the book will appeal not only to PhD students and researchers, but also undergraduate students and academics in general.

lt;p>Jerzy Witold Wisniewski is full professor at the Nicolaus Copernicus University in Torun (Poland), He has authored over 150 scientific papers in the field of econometrics and statistics His main research focus is on micro-econometrics.

Chapter 1. Single-equation Econometric Model.- Chapter 2. Multi-equation Econometric Models.- Chapter 3. Econometric Forecasts.- Chapter 4. Forecasting From Simple Econometric Micromodels.- Chapter 5. Forecasts From Recursive Econometric Micromodels.- Chapter 6. Forecasting From Econometric Micromodels in the Form of a System of Interdependent Equations.  

Erscheinungsdatum
Reihe/Serie Contributions to Economics
Zusatzinfo VIII, 148 p. 62 illus., 53 illus. in color.
Verlagsort Cham
Sprache englisch
Maße 155 x 235 mm
Gewicht 391 g
Themenwelt Mathematik / Informatik Mathematik
Wirtschaft Allgemeines / Lexika
Wirtschaft Volkswirtschaftslehre
Schlagworte Econometrics • economic forecasting • Economic Prediction • Interdependent Equations • Simulations • Theory Decisions
ISBN-10 3-031-27491-1 / 3031274911
ISBN-13 978-3-031-27491-6 / 9783031274916
Zustand Neuware
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