In this study, we undertook an econometric analysis aim to forecast the disaggregated series of ICMS administered by … three types of results: i) the evaluation of the forecast; ii) the elasticity of the tax in relation to the relevant … validate the forecast displayed a quite reasonable performance. From about 20 series for each state, approximately 80% register …

the purpose of making projections. The different forecast validation criteria calculated for a 12-month horizon showed … very satisfactory results. In all cases, MLD had a forecast error within the 3% range, taken as a reference for the …