Neural networks and revenue forecasting: a smarter forecast?

William R. Voorhees

International Journal of Public Policy, 2006, vol. 1, issue 4, 379-388

Abstract: The use of neural networks has been slow in coming to the public sector. One promising area in which neural networks are likely to prove beneficial is in the area of revenue forecasting. A sales tax forecasting model is developed and compared to the actual collections for the State of Indiana. The model shows that neural networks are likely to provide additional information that more traditional forecasting techniques may not utilise.

Keywords: artificial neural networks; revenue forecasting; informatics techniques; sales tax; public policy; public sector; state government; USA; United States. (search for similar items in EconPapers)
Date: 2006
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