An Empirical Analysis of Forecast Performance of the GDP Growth in India (Record no. 52377)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01527nam a2200217 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190807121846.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190807b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Gupta, Monika |
| 9 (RLIN) | 34095 |
| 245 ## - TITLE STATEMENT | |
| Title | An Empirical Analysis of Forecast Performance of the GDP Growth in India |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 368-386 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This article evaluates the accuracy of a forecast based on the properties of the forecast error. To measure how close the predictions of GDP growth are to the actual outcome in India, we have calculated three measures of forecast accuracy: mean absolute error (MAE), root mean square error (RMSE) and Theil’s U statistic. To evaluate the performance of the forecasts, we have compared them with naive forecast and common rules of thumb, using moving averages (MAs) as rules of thumb. The results are inconclusive regarding biasedness and also inefficient. Further, the forecasts have a high degree of correlation among themselves. The findings of forecast errors suggest that the performance of Reserve Bank of India (RBI) forecasts is favourable compared to other organizations, as well as with respect to the general international standard. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | GDP |
| Uncontrolled term | Forecast performance |
| Uncontrolled term | Mean absolute error |
| Uncontrolled term | Root mean square error, |
| Uncontrolled term | RBI |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Minai, Mohammad Haris |
| 9 (RLIN) | 34096 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29349 |
| Host Itemnumber | 74851 |
| Main entry heading | BANIK, ARINDAM |
| Place, publisher, and date of publication | NEW DELHI SAGE PUBLISHING PVT. LTD. |
| Other item identifier | 55510427 |
| Title | GLOBAL BUSINESS REVIEW |
| International Standard Serial Number | 0972-1509 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 07/08/2019 | Vol 20, No 2/ 55510427JA6 | 55510427JA6 | 07/08/2019 | 07/08/2019 |