The contribution of opinion surveys in forecasting aggregate demand in the four main EC countries |
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| Authors: | Michel Biart |
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| Affiliation: | 1. School of Management, University of Science and Technology of China, Hefei, Anhui, 230026, China;2. Department of Management Sciences, University of Waterloo, Waterloo, ON, N2L3G1, Canada;1. College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu, 211106, China;2. School of Economics and Management of Dalian University of Technology, Dalian, Liaoning, 116024, China;1. School of Economics, Huazhong University of Science and Technology, Wuhan 430074, China;2. School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China;1. School of Environment and Resource, Southwest University of Science and Technology, Sichuan 621010, PR China;2. Key Laboratory of Solid Waste Treatment and Resource Recycle, Ministry of Education, Southwest University of Science and Technology, Sichuan 621010, PR China;3. State Key Laboratory of Environmental Criteria and Risk Assessment, Chinese Research Academy of Environmental Sciences, Beijing 100012, PR China;4. School of Life Science and Engineering, Southwest University of Science and Technology, Sichuan 621010, PR China;1. Department of Industrial Engineering, Pontificia Universidad Javeriana, Colombia;2. Faculty of Business Administration, Bilkent University, Turkey;3. Department of Physical Therapy, Movement, and Rehabilitation Sciences, Bouvé College of Health Science, Northeastern University, Boston, MA, United States |
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| Abstract: | This paper presents for the four main EC countries forecasting models of aggregate demand components based on various tendency surveys. Its objective is to work out practical models both in terms of data requirement and computation as the models are to be used regularly for very short-term forecasting. In spite of a great simplicity of the specifications, the regression results prove quite acceptable. Forecasting exercises compare reasonably well with the results of more elaborate procedures. |
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