In this paper we show that the exchange rates of some commodity exporter countries have the ability to predict the price of spot and future contracts of aluminum. This is shown with both in-sample and out-of-sample analyses. The theoretical underpinning of these results relies on the...

We examine the accuracy of survey-based expectations of the Chilean exchange rate relative to the US dollar. Our out-of-sample analysis reveals that survey-based forecasts outperform the Driftless Random Walk (DRW) in terms of Mean Squared Prediction Error at several forecasting horizons. This...

In a transformation model $\by_t = c [\ba(\bx_t,\bbeta), \bu_t]$, where the errors $\bu_t$ are i.i.d and independent of the explanatory variables $\bx_t$, the parameters can be estimated by a pseudo-maximum likelihood (PML) method, that is, by using a misspecified distribution of the errors, but...

The authors of this book describe an economic-mathematical forecasting model of the system dynamic type for construction industry. The book contains basic equations of the model, a system of indicators and a description of various block of the model – blocks of inhabitant, commercial and...

The authors of this book describe an economic-mathematical forecasting model of the system dynamic type for construction industry. The book contains basic equations of the model, a system of indicators and a description of various block of the model – blocks of inhabitant, commercial and...

The authors of this book describe an economic-mathematical forecasting model of the system dynamic type for construction industry. The book contains basic equations of the model, a system of indicators and a description of various block of the model – blocks of inhabitant, commercial and...

The authors of this book describe an economic-mathematical forecasting model of the system dynamic type for construction industry. The book contains basic equations of the model, a system of indicators and a description of various block of the model – blocks of inhabitant, commercial and...

Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...

One of the most pressing problems in the Latvian economy is related to the energy sector. The most characteristic feature is coupled with the low efficiency of thermal energy consumption of households as a result of poor insulation of existing buildings in Latvia. Solving energy sector problems...

One of the most pressing problems in the Latvian economy is related to the energy sector. The most characteristic feature is coupled with the low efficiency of thermal energy consumption of households as a result of poor insulation of existing buildings in Latvia. Solving energy sector problems...