A Model to Forecast the Evolution of the Structure of a System of Economic Indicators

by ANDREICA, Marin
Published in Romanian Journal of Economic Forecasting, volume 7 issue 1
, 2006.

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Abstract

The problem of forecasting the economic systems' activity over a large time horizon is the main concern of both the researchers in the economic field and the system managers. In most cases, its solving is reduced to simulating the structure of the economic indicators which render the system activity. Usually, a certain mode of structuring the indicators is supposed and the functional and statistical correlations among the indicators is considered as previously known (according to certain tolerances). 

Keywords: forecasting, model, statistical correlations, factorial analysis

JEL Classification: C1, C53, P11