Considerations on the stochastic approach in economics

This paper presents several views on stochastic aspects in economic modeling. The authors analyzed the necessity of stochastic approach in economics, they described the specificity of stochastic models in this field and they presented the premises of this approach as well as the tools used. An an...

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Main Authors: Ion Smeureanu, Gheorghe Ruxanda
Format: Article
Language:English
Published: Editura ASE 2013-06-01
Series:Amfiteatru Economic
Subjects:
Online Access:http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=1209
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author Ion Smeureanu
Gheorghe Ruxanda
author_facet Ion Smeureanu
Gheorghe Ruxanda
author_sort Ion Smeureanu
collection DOAJ
description This paper presents several views on stochastic aspects in economic modeling. The authors analyzed the necessity of stochastic approach in economics, they described the specificity of stochastic models in this field and they presented the premises of this approach as well as the tools used. An analogy on stochastic events in economics and physics is also presented. Some views on the stochastic approach in production and energy consumption models are presented in the final part of the paper
format Article
id doaj-art-e89346730e7444439f7093829cd6be41
institution OA Journals
issn 1582-9146
2247-9104
language English
publishDate 2013-06-01
publisher Editura ASE
record_format Article
series Amfiteatru Economic
spelling doaj-art-e89346730e7444439f7093829cd6be412025-08-20T02:03:58ZengEditura ASEAmfiteatru Economic1582-91462247-91042013-06-011534401416Considerations on the stochastic approach in economicsIon Smeureanu0Gheorghe Ruxanda1Bucharest University of Economic Studies, RomaniaBucharest University of Economic Studies, RomaniaThis paper presents several views on stochastic aspects in economic modeling. The authors analyzed the necessity of stochastic approach in economics, they described the specificity of stochastic models in this field and they presented the premises of this approach as well as the tools used. An analogy on stochastic events in economics and physics is also presented. Some views on the stochastic approach in production and energy consumption models are presented in the final part of the paperhttp://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=1209stochastic approachstochastic modeling of energyprobability distributionstatistic inferenceeconometricsrisk and uncertainty
spellingShingle Ion Smeureanu
Gheorghe Ruxanda
Considerations on the stochastic approach in economics
Amfiteatru Economic
stochastic approach
stochastic modeling of energy
probability distribution
statistic inference
econometrics
risk and uncertainty
title Considerations on the stochastic approach in economics
title_full Considerations on the stochastic approach in economics
title_fullStr Considerations on the stochastic approach in economics
title_full_unstemmed Considerations on the stochastic approach in economics
title_short Considerations on the stochastic approach in economics
title_sort considerations on the stochastic approach in economics
topic stochastic approach
stochastic modeling of energy
probability distribution
statistic inference
econometrics
risk and uncertainty
url http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=1209
work_keys_str_mv AT ionsmeureanu considerationsonthestochasticapproachineconomics
AT gheorgheruxanda considerationsonthestochasticapproachineconomics