Accumulative prediction error as a method of model selection

Journal Title: Acta Universitatis Nicolai Copernici, Ekonomia - Year 2010, Vol 41, Issue 1

Abstract

The purpose of the paper is to present and apply the accumulative one-step-ahead prediction error (APE) not only as a method (strategy) of model selection, but also as a tool of model selection strategy (meta-selection). The APE method is compared with the information approach to model selection (AIC and BIC information criteria), supported by empirical examples. Obtained results indicated that the APE method may be of considerable practical importance.

Authors and Affiliations

Mariola Piłatowska

Keywords

Related Articles

Selected problems of targeting active labour market policies in Poland

Well targeted active labour market policies create better prospects for achieving higher net employment effects. This article attempts to analyse targeting of active labour market policies in the context of regulations...

Remuneration of Giants of the Polish Economy after Accession to the UE

The article contains results of analysis of changes which took place in the sphere of pays, in this their connecting with the level the profitability of the largest enterprises in Poland after the accession to the UE. Tr...

Social convergence vs. Economic growth in selected countries in the years 1990-2008

Measuring convergence of expenditures on health care provides information about the degree and change of similarities of countries in the case giving financial resources for health care. Thus, the aim of this paper is re...

Public finance reform – circumstances and solutions

The Polish economy really didn’t suffer seriously in most hard period of crisis on financial markets and in world economy. However, crisis has emphasized defects in regulating solutions and it has contributed to more cri...

Companies with foreign capital on background of companies without foreign capital in kujawsko-pomorske voivodship

This article is a trial of taking share in discussion about the importance of foreign capital for the economy of kujawsko-pomorskie voivodship through the presentation of companies with foreign capital on the background...

Download PDF file
  • EP ID EP119386
  • DOI -
  • Views 129
  • Downloads 0

How To Cite

Mariola Piłatowska (2010). Accumulative prediction error as a method of model selection. Acta Universitatis Nicolai Copernici, Ekonomia, 41(1), 43-56. https://europub.co.uk/articles/-A-119386