We specify the Pitman-closeness criterion for the evaluation of multivariate forecasts in three categories. This is done closely to the definition of covariance adjustment techniques analysed in other articles. We also apply the Pitman-closeness techniques to an example dealing with German...

We specify the Pitman-closeness criterion for the evaluation of multivariate forecasts in three categories. This is done closely to the definition of covariance adjustment techniques analysed in other articles. We also apply the Pitman-closeness techniques to an example dealing with German...

In this study I apply a simple DSGE model to forecast the quarterly Romanian GDP. The forecast is based on the posterior distribution of the model parameters resulted from the Bayesian estimation. The forecast for the 2006-2007 period shows that the realized GDP is within the confidence interval...

The Markov chains model is frequently used to describe consumers’ behavior in relation to their loyalty towards a brand, a manufacturer, a product, o a chain of stores, etc. Most frequently, this model is applied in marketing for dynamic forecasts of the market quota against a background of...

The following hypotheses about long-range market forecasting were examined: Hl Objective methods provide more accuracy than do subjective methods. H2 The relative advantage of objective over subjective methods increases as the amount of change in the environment increases. H3 Causal methods...

In this work the P* model is used to analyze and forecast the inflation rate in the economy of Puerto Rico. This model is based on two essential points: the first one is to identify the inflationary potential of an economic system through the estimation of the price level to which the inflation...