Stochastic Experiments with an Econometric Model
The paper deals with the following experiments which have been carried out with a long-range forecasting econometric model of the Czechoslovak economy:(1) The evaluation of the goodness of fit of prediction and actual development;(2) the influence of the replacement of the lagged endogenous variables by their actual values;(3) the exploration of stochastic properties of the selected ratio indicators.
KeywordsEconometric Model Busy Period Individual Sector Stochastic Property Planning Organisation
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