NEW TRENDS IN ECONOMIC FORECASTING
Economic forecasting is a dynamic domain. New methods are developed and tested and the methodology needs to be updated according to economic reality. Classical approach in methodology must be completed with latest trends in econometric analysis and the forecasting methods have to benefit from the in...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University Publishing House
2013-05-01
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| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/uploads/cks_2013_articles/index.php?dir=2_Economic_Sciences%2F&download=cks_2013_economy_art_006.pdf |
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| Summary: | Economic forecasting is a dynamic domain. New methods are developed and tested and the methodology needs to be updated according to economic reality. Classical approach in methodology must be completed with latest trends in econometric analysis and the forecasting methods have to benefit from the increasing computational power of the modern software. One of the main causes of false prediction is using altered data. In this paper, we will present the new concepts for data testing, adjusted for the Romanian economy, based on Benford's law. |
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| ISSN: | 2068-7796 2068-7796 |