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Using the Autoregressive Model for the Economic Forecast during the Period 2014- 2018

Author

Listed:
  • Constantin ANGHELACHE

    (Bucharest University of Economic Studies, Artifex” University of Bucharest)

  • Ioan Constantin DIMA

    (Valachia University, Targoviste)

  • Mãdãlina-Gabriela ANGHEL

    (“Artifex” University of Bucharest)

Abstract

The article is based on the analysis of the autoregressive model. The model will include in its structure a dependent variable represented by the macroeconomic indicator GDP, to be forecasted and as independent variable, granting an autoregressive character to our model, by including in the frame of the built up model of the autoregressive variable GDP (-1), namely the lag 1 of the variable GDP. Also considered as independent variables are the final consumption (FC) and the flow of direct foreign investments (DFI) both influencing the tendency of the evolution of the economic growth in our country.

Suggested Citation

  • Constantin ANGHELACHE & Ioan Constantin DIMA & Mãdãlina-Gabriela ANGHEL, 2016. "Using the Autoregressive Model for the Economic Forecast during the Period 2014- 2018," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(1), pages 21-31, January.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:1:p:21-31
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    References listed on IDEAS

    as
    1. Snowberg, Erik & Wolfers, Justin & Zitzewitz, Eric, 2013. "Prediction Markets for Economic Forecasting," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 657-687, Elsevier.
    2. Cavaliere, Giuseppe & Rahbek, Anders & Taylor, A.M. Robert, 2010. "Testing for co-integration in vector autoregressions with non-stationary volatility," Journal of Econometrics, Elsevier, vol. 158(1), pages 7-24, September.
    3. Georgi N. Boshnakov & Bisher M. Iqelan, 2009. "Generation Of Time Series Models With Given Spectral Properties," Journal of Time Series Analysis, Wiley Blackwell, vol. 30(3), pages 349-368, May.
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    Cited by:

    1. Constantin ANGHELACHE & Madalina-Gabriela ANGHEL & Tudor SAMSON & Radu STOICA, 2017. "Methods And Techniques For Preparing Forecasts," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(4), pages 26-36, April.
    2. Madalina-Gabriela Anghel & Alexandru Manole & Alina-Georgiana Solomon, 2017. "Using the System of National Accounts in the Forecasting Activity," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(2), pages 91-96, April.
    3. Florin Paul Costel LILEA & Aurelian DIACONU & Radu Titus MARINESCU & Gyorgy BODO, 2017. "Structural Methods Used In Forecasting Studies," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(4), pages 66-74, April.
    4. Florin Paul Costel LILEA & Alexandru MANOLE & Maria MIREA & Andreea - Ioana MARINESCU, 2017. "Models Of Development Of Labour Productivity Forecast," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(4), pages 107-114, April.
    5. Madalina-Gabriela ANGHEL & Constantin ANGHELACHE & Georgiana NITA & Tudor SAMSON, 2017. "Human Resource Forecasting Models," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(4), pages 87-98, April.
    6. Florin Paul Costel LILEA & Andreea – Ioana MARINESCU, 2017. "Macroeconomic Forecast Models – Concepts And Theoretical Notions," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 118-123, June.

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