We present a new modeling approach for the fluctuations of the Budapest Stock Exchange index (BUX). The starting point is a statistical analysis of high resolution (5s) data involving the first and second time-derivative of index values (index “velocities” and “accelerations”). Based on...

Purpose – The aim of this study is to present a concept of interactive foresight process, its theoretical and methodological considerations and a foresight exercise concerning the development of knowledge economy in the Central Hungarian Region. Design/methodology/approach – A methodology of...

Tanulmányunk célja, hogy bemutasson egy olyan interaktív előretekintési eljárást, amelyet egy kutatási alprojekt keretében kezdtünk el fejleszteni. Az interaktív előretekintés elképzelését az elméleti és a gyakorlati jövőkutatás kölcsönös kapcsolatát magában foglaló...

The better the model, the more features of the problem it explains. However, showing that the model has similarities to that of a phenomena is often less significant in applications due to lack of data. Forecasting, as special application of modelling, is neither an exception: besides...