Showing 1 - 10 of 197
The paper deals with a summary of findings in the area of tax forecasts. It describes the basic methodology for predicting tax revenues, both in terms of the macroeconomic approach and from a microeconomic perspective. The microeconomic approach used microsimulation methods with methods based on...
Persistent link: https://www.econbiz.de/10010512927
that the innocent forecaster must look out for, if he/she is to construct a successful forecasting model using the … regression analysis approach. Proposes that models for sales forecasting may be divided into two categories – naïve and … econometric, but that these approaches to forecasting are not always independent. Posits that development of a forecasting model …
Persistent link: https://www.econbiz.de/10014725346
Purpose – Several research papers related to electricity price forecasting have been reported in the leading journals …. Design/methodology/approach – The present article provides an overview of the statistical short‐term price forecasting (STPF … analyzed. Findings – It has been observed that price forecasting accuracy of the reported models in day‐ahead markets is better …
Persistent link: https://www.econbiz.de/10014773466
forecasting. In recent years its scope has expanded well beyond technical aspects. Addresses a broader set of managerial concerns … through down‐to‐earth descriptions of forecasting, its advantages and limitations, and its role in the managerial decision …‐making process. Uses a case study to demonstrate the application of a forecasting method.  …
Persistent link: https://www.econbiz.de/10014933598
In a factor-augmented regression, the forecast of a variable depends on a few factors estimated from a large number of predictors. But how does one determine the appropriate number of factors relevant for such a regression? Existing work has focused on criteria that can consistently estimate the...
Persistent link: https://www.econbiz.de/10005420506
The paper deals with a summary of findings in the area of tax forecasts. It describes the basic methodology for predicting tax revenues, both in terms of the macroeconomic approach and from a microeconomic perspective. The microeconomic approach used microsimulation methods with methods based on...
Persistent link: https://www.econbiz.de/10011195340
Modeling and forecasting of the primary energy consumption (PEC) play a vital role for policy makers and related … are used for forecasting Turkey׳s PEC in the years 2010–2025. For each scenario, various assumptions are made considering … show that the proposed model can be affectively used for forecasting of Turkey׳s PEC. The scenarios also show that the …
Persistent link: https://www.econbiz.de/10011049554
This paper revisits inflation forecasting using reduced-form Phillips curve forecasts, that is, inflation forecasts … evidence of autonomous variance breaks and inflation gap persistence. Through a real-time out-of-sample forecasting exercise … quarterly inflation relative to an extended range of forecasting models that are typically used in the literature. …
Persistent link: https://www.econbiz.de/10005078430
partial least squares (PLS) regression to extract dynamic factors from the data set. Our forecasting analysis considers ten …
Persistent link: https://www.econbiz.de/10005078431
place greater weight on future fundamentals. Consequently, current fundamentals have very weak forecasting power and … econometrician, long-horizon regressions generally do not have significant forecasting power. However, when EW's assumptions are … show that long-horizon regression can have substantial forecasting power for exchange rates. …
Persistent link: https://www.econbiz.de/10008489231