Forecasting economic crisis using gradient measurement of development and log-logistic function Cover Image

Forecasting economic crisis using gradient measurement of development and log-logistic function
Forecasting economic crisis using gradient measurement of development and log-logistic function

Author(s): Rafal Siedlecki, Daniel Papla
Subject(s): Economy
Published by: Prague Development Center
Keywords: Law of growth; forecasting; economic crisis; time series analysis; warning signals; S-curve

Summary/Abstract: This paper shows that regardless of how good the economic situation is, sooner or later certain difficulties will appear. Hence, the idea has emerged to give the analytical form to the logistic law based gradient measurement (synthetic measure) of selected financial data, which enables forecasting crises and economic downturns. The presented proposal of determining the economic cycle and the model of forecasting using the modified logistic function (log-logistic function) was tested with use of data regarding the Polish economy

  • Issue Year: 9/2013
  • Issue No: 3
  • Page Range: 28-40
  • Page Count: 13
  • Language: English