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Savvides, Savvakis C. - EconWPA - 2004

This paper was prepared for the purpose of presenting the methodology and uses of the Monte Carlo simulation technique …

Persistent link: https://www.econbiz.de/10005561672

The P* model as a general identity to analyze and forecast the behavior of the inflation rate in the economy of Puerto Rico

Ramos, Carlos A. Rodríguez - EconWPA - 2003

In this work the P* model is used to analyze and forecast the inflation rate in the economy of Puerto Rico. This model is based on two essential points: the first one is to identify the inflationary potential of an economic system through the estimation of the price level to which the inflation...

Persistent link: https://www.econbiz.de/10005556397

A Comparative Study of Methods for Long-Range Market Forecasting

Armstrong, JS; Grohman, Michael C. - EconWPA - 2004

The following hypotheses about long-range market forecasting were examined: Hl Objective methods provide more accuracy than do subjective methods. H2 The relative advantage of objective over subjective methods increases as the amount of change in the environment increases. H3 Causal methods...

Persistent link: https://www.econbiz.de/10005119363

Intra-EU trade and investment in service sectors, and regulation patterns

Kox, Henk. L.M.; Lejour, Arjan; Montizaan, Raymond - EconWPA - 2004

The paper sketches the basic patterns and facts about service trade, foreign direct investment and regulation in the EU. We conclude that the last decade trade in services has increased substantially, in particular in business services. This is also the case for foreign direct investment (in...

Persistent link: https://www.econbiz.de/10005119237

Agent-based Model Construction In Financial Economic System

Situngkir, Hokky; Surya, Yohanes - EconWPA - 2004

advanced study for financial economic data post-statistical-data analysis and micro- simulation analysis. Theoretical …, chartist, and noise, was established with an expectation of adjusting micro-simulation analysis upon stock market in Indonesia …. The result of simulation showing how financial economy data resulted analysis using statistical tools such as data …

Persistent link: https://www.econbiz.de/10005076985

FINANCIAL ACCOUNTING INFORMATION AND THE RELEVANCE/IRRELEVANCE ISSUE

Salvary, Stanley C. W. - EconWPA - 2005

Some current research conclude that the numbers in financial statement are not relevant for three basic reasons. The numbers: (1) are not isomorphic1 with capital market values, (2) do not have a future orientation, and (3) are un-interpretable since they are based upon five different...

Persistent link: https://www.econbiz.de/10005561705

ACCOUNTING IN CONTEXT OF COMMUNICATION, LANGUAGE, AND INFORMATION

Salvary, Stanley C. W. - EconWPA - 2005

Accounting at various times has been referred to as a communication process, a language, and a conveyor of information. Given this condition, an analysis of accounting in terms of the theories relating to those references would enable an understanding of: (1) how well the parts of accounting...

Persistent link: https://www.econbiz.de/10005561746

The Promises and Perils of Agent-Based Computational Economics

Richiardi, Matteo - EconWPA - 2004

critiques against the use of simulation, which point to the following problematic areas: (i) interpretation of the simulation … dynamics, (ii) estimation of the simulation model, and (iii) generalisation of the results. I show that there exist solutions …

Persistent link: https://www.econbiz.de/10005125044

A Laboratory Experiment of Knowledge Diffusion Dynamics

Morone, Piergiuseppe; Taylor, Richard - EconWPA - 2004

This paper aims to study, by means of a laboratory experiment and a simulation model, some of the mechanisms which …

Persistent link: https://www.econbiz.de/10005125585

A Toolkit for Optimizing Functions in Economics

Goffe, William L. - EconWPA - 1997

Optimization algorithms must be among the most common numerical methods used by economists. Yet, there is surprisingly little guidance on choosing the appropriate one. This problem is most notable with regard to conventional versus global optimizers. Typically, a global optimizer is used when a...

Persistent link: https://www.econbiz.de/10005134567