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Stochastic Experiments with an Econometric Model

  • M. Píšek

Abstract

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.

Keywords

Econometric Model Busy Period Individual Sector Stochastic Property Planning Organisation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. 1.
    Adamec and Fundarek, “A Long-Term Prognostic Model of the Economy of CSSR (in Czech)” Research Computer Centre, Bratislava (1972).Google Scholar
  2. 2.
    H. Theil, Economic Forecasts and Policy (Amsterdam North-Holland Publishing Co., 1961).Google Scholar
  3. 3.
    T. H. Naylor, Computer Simulation Experiments with Models of Economic Systems (New York, J. Wiley, 1971).Google Scholar
  4. 4.
    M. G. Kendall and A. Stuart, The Advanced Theory of Statistics 1 (London, Charles Griffin, 1963).Google Scholar

Copyright information

© The World Organisation of General Systems and Cybernetics 1978

Authors and Affiliations

  • M. Píšek
    • 1
  1. 1.Economics Dept.C.S.R. Academy of SciencesPrahaCzechoslovakia

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