Multi-step estimation for forecasting

Article Abstract:

Dynamic estimation (DE), or multi-step estimation, for multi-step forecasting may enhance forecast performance for some misspecifications as it allows for incorrectly specified models when there are changes in the forecast lead. However, DE does not function as efficiently in correctly specified models. This was shown when DE was utilized in a Monte Carlo forecasting study for integrated processes where DE may have been favored by the estimation of a unit root in the presence of a neglected negative moving-average error. However, it was also revealed that solutions other than DE may also be capable of the same.

Estimation theory, Forecasting, Stochastic processes

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The hazard rate of foreign direct investment: a structural estimation of a real-option model

Article Abstract:

Financial risk of foreign direct investments in european countries from 1990 to 1998, using maximum likelihood estimates, is determined.

Foreign investments, Maximum likelihood estimates (Statistics), Foreign direct investment, Maximum likelihood (Statistics), Financial risk

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Globalization vs. Europeanization: a business cycles race

Article Abstract:

A research is conducted on the emergence of business opportunities in English speaking countries and European countries.

United States, Europe, Globalization, Review of past year, Business conditions, English speaking countries

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