Call Us 080-41656200 (Mon-Sat: 10AM-8PM)
Free Shipping above Rs. 1499
Cash On Delivery*

Forecasting Performance

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

 

Check Your Delivery Options

 
Rs. 2,675

Availability: In stock

 
  • Product Description
 

This research attempts to make comparison of the forecasting performance of regression models and time series models. The primary purpose behind this research was to find out which of the two models – regression model and univariate non seasonal ARIMA model – is more accurate and appropriate for forecasting purposes in the real world, keeping in view the cost of the model building. The research utilized data on Pakistan’s exports. The performance of regression models was compared with that of ARIMA models by using the statistics, TIC, RMSPE, MAE, MPE and MAPE. The comparison indicates that the ARIMA models perform much better than the regression models. It was also observed that the plots of actual values of the variables and those of the predicted values based on ARIMA model were closer than those of regression model. This result further supports that the ARIMA models perform better than the regression models. On the basis of the findings and discussion, it is strongly recommended that findings of the this research work may be implemented in policy making, especially in planning and development in developing countries like Pakistan because it is cost effective and more accurate.

Product Specifications
SKU :COC74744
AuthorMuhammad Afzal
LanguageEnglish
BindingPaperback
Number of Pages76
Publishing Year2014-12-16T00:00:00.000
ISBN9783659664564
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-10-08 00:00:00
0 Review(s)