NEW TRENDS IN ECONOMIC FORECASTING
Journal Title: Challenges of the Knowledge Society - Year 2013, Vol 3, Issue 0
Abstract
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.
Authors and Affiliations
NICOLAE MARIUS JULA, NICOLETA JULA
Keywords
Related Articles
- EP ID EP141900
- DOI -
- Views 116
- Downloads 0
THE OZ BEHIND THE CURTAIN EFFECT: ETHICAL PERSPECTIVES ON THE ASSESSMENT OF SCIENTIFIC MERITS
There is a genuine desire in Romanian research institutions to follow the rules of scientific evaluation tested over the decades in stronger academic and scientific communities such as those in the USA or the Western Eur...
MIGRATION AND REFUGEE CRISIS: A MAJOR CHALLENGE FOR THE EUROPEAN UNION. MEASURES AND POSSIBLE SOLUTIONS IN THE CONTEXT OF YEAR 2016
The rising number of people trying to get into Europe from the Middle East and Africa has highlighted some structural problems of EU migration policy, fact which revealed the need for setting out and adoption of immediat...
THE ROMANIAN OMBUDSMAN - PUBLIC INSTITUTION INVOLVED IN THE PROTECTION HUMAN RIGHTS AND THE OBSERVANCE OF THE SEPARATION AND BALANCE BETWEEN THE STATE POWERS
Defender of the rights and freedoms of individuals in their relations with public authorities and guarantor of respect for the principle of separation and balance of state powers within the constitutional democracy, the...
AN ANALYTIC HIERARCHY PROCESS APPLICATION FOR THE BEST DRIVER SELECTION IN UNIVERSITIES
Drivers are responsible for the safety and timely delivery of passengers and materials. Universities employ a certain number of drivers and this responsibility is true for them as well. University drivers are usually sen...
METHODOLOGICAL PARTICULARITIES IN INVESTIGATING HOME LARCENY
The study below is meant to focus on the methodological particularities regarding the investigations concerning home larcenies. In the Romanian penal law, the simple or the aggravated theft as well as the other infringem...