The Accuracy of Forecasts Made for the Structure of Consumer Basket: A Comparative Analysis between Euro Area and Romania || La exactitud de las predicciones para la estructura de cesta del consumo: un análisis comparativo entre la zona euro y Rumanía

The Accuracy of Forecasts Made for the Structure of Consumer Basket: A Comparative Analysis between Euro Area and Romania || La exactitud de las predicciones para la estructura de cesta del consumo: un análisis comparativo entre la zona euro y Rumanía

In this study, the Markov chain method was used to predict the structure of consumer basket for euro zone and Romania, a country that tries to fulfil the entrance conditions in euro area, by using the same methodology for the determination of harmonized index of consumer prices (HICP). The ex-post a...

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Bibliographic Details
Main Author: Bratu (Simionescu), Mihaela
Format: Article
Language:English
Published: Universidad Pablo de Olavide 2013-01-01
Series:Revista de Métodos Cuantitativos para la Economía y la Empresa
Subjects:
forecasts
Markov chains
accuracy indicators
consumer basket
harmonized index of consumer prices
previsiones
cadenas de Markov
indicadores de precisión
cesta del consumo
índice de precios al consumo armonizado (IPCA)
Online Access:http://www.upo.es/RevMetCuant/pdf/vol15/art70.pdf

Internet

http://www.upo.es/RevMetCuant/pdf/vol15/art70.pdf

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