OPTION FOR PREDICTING THE CZECH REPUBLIC'S FOREIGN TRADE TIME SERIES AS COMPONENTS IN GROSS DOMESTIC PRODUCT
OPTION FOR PREDICTING THE CZECH REPUBLIC'S FOREIGN TRADE TIME SERIES AS COMPONENTS IN GROSS DOMESTIC PRODUCT
Author(s): Luboš Marek, Stanislava Hronová, Richard HindlsSubject(s): Economy, National Economy, Micro-Economics, Public Finances, Socio-Economic Research
Published by: Główny Urząd Statystyczny
Keywords: transfer-function models; SARIMA models; quarterly estimates of the Gross Domestic Product (GDP); imports and exports of goods and services; exchange rate
Summary/Abstract: This paper analyses the time series observed for the foreign trade of the Czech Republic (CR) and predictions in such series with the aid of the SARIMA and transfer-function models. Our goal is to find models suitable for describing the time series of the exports and imports of goods and services from/to the CR and to subsequently use these models for predictions in quarterly estimates of the gross domestic product (GDP) component resources and utilization. As a result we get suitable models with a time lag, and predictions in the time series of the CR exports and imports several months ahead.
Journal: Statistics in Transition. New Series
- Issue Year: 18/2017
- Issue No: 3
- Page Range: 481-500
- Page Count: 20
- Language: English
