Application of epsilon method to modeling expectations in construction

Natalia Nehrebecka () and Sylwia Grudkowska
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Sylwia Grudkowska: Department of Statistics, National Bank of Poland

No 2010-01, Working Papers from Faculty of Economic Sciences, University of Warsaw

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 the construction industry. 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.

Keywords: epsilon method; multivariate statistical analysis; singular value decomposition (search for similar items in EconPapers)
JEL-codes: C1 M31 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2010
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http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP24.pdf First version, 2010 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2010-01

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