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macroeconomic and financial monthly indicators for Germany. Using different initial sets of explanatory variables, alternative …In diesem Papier wird ein dynamisches Probit Modell für die Vorhersage von Rezessionen unter Pseudo-Echtzeit geschätzt …
Persistent link: https://www.econbiz.de/10009306636
stated-preference data on vehicle choice from a Germany-wide survey of potential light-duty-vehicle buyers using computer …-assisted personal interviewing. We show that Bayesian estimation of a multinomial probit model with a full covariance matrix is feasible … representing an average of the current vehicle choice situation in Germany. Consumer response to qualitative changes in the base …
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Using a binary reference series based on the dating procedure of Artis, Kontolemis and Osborn (1997) different procedures for predicting turning points of the German business cycles were tested. Specifically, a probit model as proposed by Estrella and Mishkin (1997) as well as Markov-switching...
Persistent link: https://www.econbiz.de/10011437017
We estimate forward-looking Taylor rules on data from macroeconomic forecasts of three central banks (Bank of England, National Bank of Poland and Swiss National Bank) in order to determine the extent to which these banks are forward looking in their monetary policy decisions. We find that all...
Persistent link: https://www.econbiz.de/10013107503
We examine various and different approaches for the prediction of economic crisis periods of US economy. We examine the traditional econometric discrete choice Logit and Probit models then a feed-forward neural network (FFNN) model and finally we apply an Adaptive Neuro-Fuzzy Inference System...
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Eine große Herausforderung der multivariablen Analyse mit bilanziellen Kennzahlen besteht in der Identifikation derjenigen Kennzahlen, die zur besten Modellperformance führen und dabei möglichst leicht interpretierbar und intuitiv bleiben. Die Menge der in Frage kommenden Kennzahlen ist in...
Persistent link: https://www.econbiz.de/10003635001