Modeling Bangladesh's gross domestic product using regression approach
This study finds the factors that affect Bangladesh’s Gross Domestic Product (GDP) through regression approach. Stepwise and Ridge regression techniques have been applied to build the suitable regression model. Model adequacy also has been checked and multicollinearity problem is addressed for a pla...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Institute for Mathematical Research, Universiti Putra Malaysia
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/52343/1/8.%20sohel.pdf |
| _version_ | 1825930706635718656 |
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| author | Hasan, M. N. Rana, Md. Sohel Malek, M. B. Das, K. R. Sultana, N. |
| author_facet | Hasan, M. N. Rana, Md. Sohel Malek, M. B. Das, K. R. Sultana, N. |
| author_sort | Hasan, M. N. |
| collection | UPM |
| description | This study finds the factors that affect Bangladesh’s Gross Domestic Product (GDP) through regression approach. Stepwise and Ridge regression techniques have been applied to build the suitable regression model. Model adequacy also has been checked and multicollinearity problem is addressed for a plausible model using appropriate remedial measures for each of the model one after another that yields stepwise regression. The multicollinearity problem has also been tried to combat by ridge regression. Finally, the model which is adequate and free from multicollinearity problem after applying the ridge regression has been considered as the credible model for predicting the GDP of Bangladesh. The final model shows that the factors population, imports of goods and services, agriculture value added, manufacturing value added and labor force are positively affecting the GDP of Bangladesh. |
| first_indexed | 2024-03-06T09:15:38Z |
| format | Article |
| id | upm.eprints-52343 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:15:38Z |
| publishDate | 2016 |
| publisher | Institute for Mathematical Research, Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-523432017-06-05T09:24:14Z http://psasir.upm.edu.my/id/eprint/52343/ Modeling Bangladesh's gross domestic product using regression approach Hasan, M. N. Rana, Md. Sohel Malek, M. B. Das, K. R. Sultana, N. This study finds the factors that affect Bangladesh’s Gross Domestic Product (GDP) through regression approach. Stepwise and Ridge regression techniques have been applied to build the suitable regression model. Model adequacy also has been checked and multicollinearity problem is addressed for a plausible model using appropriate remedial measures for each of the model one after another that yields stepwise regression. The multicollinearity problem has also been tried to combat by ridge regression. Finally, the model which is adequate and free from multicollinearity problem after applying the ridge regression has been considered as the credible model for predicting the GDP of Bangladesh. The final model shows that the factors population, imports of goods and services, agriculture value added, manufacturing value added and labor force are positively affecting the GDP of Bangladesh. Institute for Mathematical Research, Universiti Putra Malaysia 2016 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/52343/1/8.%20sohel.pdf Hasan, M. N. and Rana, Md. Sohel and Malek, M. B. and Das, K. R. and Sultana, N. (2016) Modeling Bangladesh's gross domestic product using regression approach. Malaysian Journal of Mathematical Sciences, 10 (2). pp. 233-246. ISSN 1823-8343; ESSN: 2289-750X http://einspem.upm.edu.my/journal/fullpaper/vol10no2may/8.%20sohel.pdf |
| spellingShingle | Hasan, M. N. Rana, Md. Sohel Malek, M. B. Das, K. R. Sultana, N. Modeling Bangladesh's gross domestic product using regression approach |
| title | Modeling Bangladesh's gross domestic product using regression approach |
| title_full | Modeling Bangladesh's gross domestic product using regression approach |
| title_fullStr | Modeling Bangladesh's gross domestic product using regression approach |
| title_full_unstemmed | Modeling Bangladesh's gross domestic product using regression approach |
| title_short | Modeling Bangladesh's gross domestic product using regression approach |
| title_sort | modeling bangladesh s gross domestic product using regression approach |
| url | http://psasir.upm.edu.my/id/eprint/52343/1/8.%20sohel.pdf |
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