Application of S-curve and Modified S-curve in Transition Economies’ GDP Forecasting. Visegrad Four Countries Case
Rafał Siedlecki , Daniel Papla , Agnieszka Bem
AbstractS-curve is usually used to describe economic or natural phenomena, which follow the rule of the logistic growth. In this paper we propose to use the modified S-curve, due to the “unlimited growth” phenomenon. The aim of this research is to show the application of the S-curve as well as the modified S-curve in GDP growth forecasting, using data from transition economies. This paper presents also the proposal of numerical estimation of the modified S-curve parameters. According to paper’s aims, we have posed the following research hypotheses: (H1) the S-curve and the modified S-curve are effective tools of economic development forecasting for transition economies; (H2) the modified S-curve is more efficient than ordinary S-curve in GDP forecasting for transition economies
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|Book||Jajuga Krzysztof, Locarek-Junge Hermann, Orlowski Lucjan T. (eds.): Contemporary Trends and Challenges in Finance Proceedings from the 3rd Wroclaw International Conference in Finance , Springer Proceedings in Business and Economics, 2018, Springer, ISBN 978-3-319-76227-2, [978-3-319-76228-9], 251 p., DOI:10.1007/978-3-319-76228-9|
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