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The objective of this analysis is to find the best hierarchical model to forecast the total demand for regular gasoline in Bogotá, Colombia and, therefore, the collection of gasoline surcharges, which is an important tax used to finance road networks and massive transportation systems. We used...
Persistent link: https://www.econbiz.de/10014494404
In this paper we examine the effects of media coverage of commodity prices increases and decreases on the price of the … commodity and how media coverage in other commodities affects prices. We provide evidence of the relationship between media … correlated with the media coverage of up movements, or increase in prices. The direction of the correlation is robust and …
Persistent link: https://www.econbiz.de/10010323648
Economic sanctions are among the most powerful instruments of international policy. However, this study, using the example of the so-called anti-Russian sanctions, shows that in the global economy, countries are rapidly using other alternatives, and sanctions in the case analyzed act as a...
Persistent link: https://www.econbiz.de/10012611594
cycle. The oil price and other raw material prices also play a key role in the economic development and there is a co … information criteria. Then one-step ahead forecasts have been generated. It was found, that the ARs generate the best forecasts at …
Persistent link: https://www.econbiz.de/10010294037
question is whether such rules-of-thumb should draw on policymakers' forecasts of key variables such as inflation and …
Persistent link: https://www.econbiz.de/10010298399
The study analyses the characteristics of professional exchange rate forecasts for the €/US-$ rate. The results … indicate that the quality of forecasts produced by profes-sional economists is rather poor and incompatible with the rational … expectations hy-pothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …
Persistent link: https://www.econbiz.de/10010305755
Persistent link: https://www.econbiz.de/10011307184
The necessity of improving the forecasts accuracy grew in the context of ac- tual economic crisis, but few researchers … inflation rate forecasts on the horizon 2010 - 2012, we proved that the one-step-ahead forecasts based on updated AR(2) models … constructing the forecasts, by using the limits of the bias- corrected-accelerated bootstrap intervals for the initial data series …
Persistent link: https://www.econbiz.de/10011307215
forecasts made for Romanian by three experts in forecasting: F1, F2 and F3. All the unemployment rate forecasts over the horizon …-Timmermann test, the directional forecasts of F3 and the autumn expectations of F2 are useful and rational. …
Persistent link: https://www.econbiz.de/10011310273
cycle. The oil price and other raw material prices also play a key role in the economic development and there is a … information criteria. Then one-step ahead forecasts have been generated. It was found, that the ARs generate the best forecasts at …
Persistent link: https://www.econbiz.de/10011345414