On the Use of Lagged Cointegrating Relationships in Forecasting Business Activity

• Autorzy: Joanna Bruzda
• Języki publikacji: EN

Abstrakty

EN

A nonstationary economic process can be non-stationary at the level of the process, so it can have a deterministic trend, or it can also be nonstationary in the variance and covariance function. In the latter case what is used is a notion of an integrated process, i.e. a process, which needs differencing d times to attain stationarity. An integrated process is characterised by the presence of a stochastic trend, by which we mean a tendency for long-lasting deviations from the mean value of the process1.(fragment of text)

Słowa kluczowe

EN

Estimation; Forecasting; Forecasting models; Economic forecast

PL

Estymacja; Prognozowanie; Modele prognostyczne; Prognozy gospodarcze

• Czasopismo: Dynamic Econometric Models
• Rocznik: 2002
• Tom: 5
• Strony: 147--159

Twórcy

autor

Joanna Bruzda

• Nicolaus Copernicus University in Toruń, Poland

Bibliografia

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