Introduction

inž Kesra Nerm ()
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inž Kesra Nerm: Institute of Informatics in Management

Chapter 1 in Vector Calculus in Regional Development Analysis, 2009, pp 1-3 from Springer

Abstract: Abstract Methods used for regional development analysis are employed mainly to make forecasts and comparisons. Forecasting models of various types (e.g. econometric models) are usually used for forecasting. Recently, vector-autoregressive models (VAR) have become popular. These models were proposed by Sims in 1980. On the contrary, taxonomic methods (that are in the center of attention as far as the present publication is concerned) are most often employed to make comparisons. Linear ordering methods, including standard methods, are the most popular among taxonomic methods. They are based on different distance and similarity measures, which leads to the fact that they do not always provide reliable information. When, for example, one construes the standard for a base year and then compares it with data for other years, it may turn out that the measure determined will have worse values than the standard for a real object (region, micro region) although this object is better from the standard. Hence, one must look for new methods employed in regional development analysis or improve hitherto existing ones in such a way so that information obtained reflects the reality to a larger extent.

Keywords: Regional Development Analysis; Taxonomic Methods; Vector Autoregressive Model; Public Demonstrations; Bad Values (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-3-7908-2179-6_1

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