Forecasting the air-conditioning market

Article Abstract:

The step by step development of a forecasting model for a particular market segment of an airconditioning company is presented. Using two software programs SuperCalc and Harvard Graphics, multiple regression analysis is performed on selected input variables to arrive at the firm's market share. Initially, only GNP is used, but later the industrial production index and prime interest rate models are added. Further refinements include such variables as housing starts, new non-residential construction and industrial production of furniture and fixtures and durable goods. Forecast accuracy is measured by the average percent error.

Plumbing, heating, air-conditioning, Measurement, Heating, ventilation, and air conditioning industry, HVAC industry, Forecasting

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Forecasting state-specific labor force participation rates using the REMI model

Article Abstract:

The Remi Economic Models, Inc. forecasting and policy simulation model provides an efficient method for forecasting labor force participation rates in various states in the US. The model is composed of several region-specific variables and includes categories such as labor and capital demand, wages and prices and output. Statistical analysis reveals that the labor force exhibity dynamic response to changes in employment opportunities.

Analysis, United States economic conditions, Statistics, Statistics (Data), Labor supply, Labor force

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