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Application of epsilon method to modeling expectations in construction |
Sylwia D. Grudkowska , Natalia Nehrebecka |
Narodowy Bank Polski (NBP), Świętokrzyska, Warszawa 00-919, Poland |
Abstract |
The epsilon method has been applied to examine the strength of relations among selected objective and subjective factors connected with a manager’s predictions of their companies’ development. The aim of this research was to study which variable has the strongest impact on business expectations in construction.The results offer compelling evidence that respondents rely both on their current opinion on enterprise as well as on general economic situation. The survey was carried out based on Polish data from 2000:1 to 2008:10. |
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Presentation: Oral at First International Conference Quantitative Methods in Economics, Sessions C, by Sylwia D. GrudkowskaSee On-line Journal of First International Conference Quantitative Methods in Economics Submitted: 2009-01-15 14:39 Revised: 2009-06-07 00:48 |