Stochastic Experiments with an Econometric Model

  • M. Píšek


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.




  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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