Liu, Wen-Hsien; Chung, Ching-Fan; Chang, Kuang-Liang - In: Economic Modelling 31 (2013) C, pp. 119-127
This paper aims to investigate the relationship between inventory change and the industry cycle in a deeper way. The … nonlinear, two-state, trivariate, Markov regime-switching model developed in this paper which includes inventory change …, capacity utilization and chip sales not only obtains satisfactory out-of-sample forecasts of the probability of the industry …