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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| Format: | Article |
| Language: | English |
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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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| _version_ | 1850051744496615424 |
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| author | NICOLAE MARIUS JULA NICOLETA JULA |
| author_facet | NICOLAE MARIUS JULA NICOLETA JULA |
| author_sort | NICOLAE MARIUS JULA |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-a27a2ba400b34410843a5bc366d52f40 |
| institution | DOAJ |
| issn | 2068-7796 2068-7796 |
| language | English |
| publishDate | 2013-05-01 |
| publisher | Nicolae Titulescu University Publishing House |
| record_format | Article |
| series | Challenges of the Knowledge Society |
| spelling | doaj-art-a27a2ba400b34410843a5bc366d52f402025-08-20T02:53:02ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962068-77962013-05-013-875883NEW TRENDS IN ECONOMIC FORECASTINGNICOLAE MARIUS JULA0NICOLETA JULA1Lecturer, PhD, Faculty of Economic Sciences, “Nicolae Titulescu” University of Bucharest (mariusjula@univnt.ro).Professor, PhD, Faculty of Economic Sciences, “Nicolae Titulescu” University of Bucharest (nicoletajula@yahoo.com).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.http://cks.univnt.ro/uploads/cks_2013_articles/index.php?dir=2_Economic_Sciences%2F&download=cks_2013_economy_art_006.pdfEconomic forecastingeconometric analysisdata testingeconometric softwareBenford's law |
| spellingShingle | NICOLAE MARIUS JULA NICOLETA JULA NEW TRENDS IN ECONOMIC FORECASTING Challenges of the Knowledge Society Economic forecasting econometric analysis data testing econometric software Benford's law |
| title | NEW TRENDS IN ECONOMIC FORECASTING |
| title_full | NEW TRENDS IN ECONOMIC FORECASTING |
| title_fullStr | NEW TRENDS IN ECONOMIC FORECASTING |
| title_full_unstemmed | NEW TRENDS IN ECONOMIC FORECASTING |
| title_short | NEW TRENDS IN ECONOMIC FORECASTING |
| title_sort | new trends in economic forecasting |
| topic | Economic forecasting econometric analysis data testing econometric software Benford's law |
| url | http://cks.univnt.ro/uploads/cks_2013_articles/index.php?dir=2_Economic_Sciences%2F&download=cks_2013_economy_art_006.pdf |
| work_keys_str_mv | AT nicolaemariusjula newtrendsineconomicforecasting AT nicoletajula newtrendsineconomicforecasting |