Abstract
S-curve is usually used to describe economic or natural phenomena, which follow the rule of the logistic growth. In this paper we propose to use the modified S-curve, due to the “unlimited growth” phenomenon. The aim of this research is to show the application of the S-curve as well as the modified S-curve in GDP growth forecasting, using data from transition economies. This paper presents also the proposal of numerical estimation of the modified S-curve parameters. According to paper’s aims, we have posed the following research hypotheses: (H1) the S-curve and the modified S-curve are effective tools of economic development forecasting for transition economies; (H2) the modified S-curve is more efficient than ordinary S-curve in GDP forecasting for transition economies.
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Siedlecki, R., Papla, D., Bem, A. (2018). Application of S-curve and Modified S-curve in Transition Economies’ GDP Forecasting. Visegrad Four Countries Case. In: Jajuga, K., Locarek-Junge, H., Orlowski, L. (eds) Contemporary Trends and Challenges in Finance. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-76228-9_9
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DOI: https://doi.org/10.1007/978-3-319-76228-9_9
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