Title :
A Novel Combination Forecasting Model for GDP
Author :
Wang, Jiao ; Wei, Li-Li
Author_Institution :
Sch. of Math. & Comput. Sci., Ningxia Univ., Yinchuan, China
Abstract :
Forecasting of GDP is considered using a novel combination forecasting model. Firstly, we establish a combination forecasting model based on three individual forecasts, in this model the individual forecasting errors can be updated over time. Secondly Ningxia per GDP from 1985 to 2010 is analyzed employing this novel combination forecasting, the empirical results show that combination forecast can improve forecasting performance significantly.
Keywords :
economic forecasting; economic indicators; Ningxia per GDP; combination forecasting model; economic variables; gross domestic product; individual forecasting errors; Data models; Economic indicators; Estimation; Forecasting; Mathematical model; Predictive models; Smoothing methods;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5998435
