An application of branching processes in stochastic modeling of economic development

• Authors: Marcin Dudziński , Konrad Furmańczyk , Marek Kociński , Krystyna Twardowska
• Languages of publication: EN

Abstracts

EN

In our paper, a stochastic model of forecasting of the numer of firms of a given type, acting on the market in a given year, is proposed. The model uses the probabilistic tools of the theory of branching processes. Our approach is an alternative method to the forecasting methods proposed so far, including those based on time series. The theoretical results presented in the paper may be applied in the forecasting of the market position of the firms of a given sector.

Keywords

EN

branching processes; moment generating function; forecasting of financial; positions of firms

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2010
• Volume: 11
• Issue: 1
• Pages: 70-80

Dates

published

2010

Contributors

author

Marcin Dudziński

• Department of Applied Mathematics, Warsaw University of Life Sciences

author

Konrad Furmańczyk

• Department of Applied Mathematics, Warsaw University of Life Sciences

author

Marek Kociński

• Department of Applied Mathematics, Warsaw University of Life Sciences

author

Krystyna Twardowska

• Department of Applied Mathematics, Warsaw University of Life Sciences

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