Short- and long-term forecasting by the Netherlands Bureau for Economic Policy Analysis (CPB)

2013 ◽  
Vol 13 (1) ◽  
pp. 45-56 ◽  
Author(s):  
Frits Bos ◽  
Coen Teulings
2021 ◽  
Author(s):  
Muhammad Waqas ◽  
Songhua Xu ◽  
Linyun Zhou

Abstract We utilized the average weekly estimated reproduction number data of COVID-19 from March (2020–2021). By applying ARIMA and L-moments methodology, short-and-long-term forecasting of R0 is made for Govt. officials and public health experts to take before-time policy measures to control the spread of novel coronavirus. This study helps medical staff to measure the expected demand of COVID-19 vaccine doses. We applied various ARIMA models on each country’s data and the best selected based on RMSE, AIC, and BIC for point and interval forecasting. Application L-Moments techniques selected GLO, GEV, and GNO distributions and quantile estimation with return period calculations. The forecasting shows that maximum countries mean R0 > 1, which is still a serious threat and can lead to heath disaster. The forecasting provided an alarming situation in the coming months for India, France, Turkey, and Spain; health experts should take strict measures because the cases rise due to the high R0 forecast. The USA, Russia, and the UK mean R0 will not suddenly increase; these countries consistent in COVID-19 R0 control. We find that even the significant population differences prevail among selected countries, the R0 is still high in maximum countries, so its a dire need to take strict control actions to minimize the R0 for public safety.


2015 ◽  
Vol 51 (3) ◽  
pp. 229-241 ◽  
Author(s):  
V. A. Shirokov ◽  
P. P. Firstov ◽  
E. O. Makarov ◽  
I. I. Stepanov ◽  
V. I. Stepanov

2005 ◽  
Vol 60 (5) ◽  
pp. 1035-1045 ◽  
Author(s):  
Cornelia H.M. van Jaarsveld ◽  
Adelita V. Ranchor ◽  
Robbert Sanderman ◽  
Johan Ormel ◽  
Gertrudis I.J.M. Kempen

2020 ◽  
Vol 220 ◽  
pp. 01089
Author(s):  
Natalia S. Mushketova ◽  
Jameel S.M. Al-Duraye ◽  
Tatiana L. Kosulnikova ◽  
Yekaterina P. Yevstifeyeva

Long-term forecasting of socio-economic processes is the basis for ensuring regional security. In a crisis, the mechanisms of a market economy are always aimed at constant reforming of economic science in order to ensure the ecological balance and responsible resource consumption. The foresight method as a long-term forecasting, carried out to build routes for future development, is becoming one of the most relevant in developed market economies countries. Foresight of the future and the application of methods for changing it at the world, macro and micro levels determine the search for solutions by the authorities in the development of socio-economic policy that does not violate the ecological balance. It is clear that the constant change of paradigms in the ecological and socio-economic course of the real life of society significantly complicates the foresight processes at the macro and micro levels, causing the transformation of already established plans, programs, projects of environmental and socio-economic policy. The economic crisis at the beginning of 21st century, which lasts for the second decade, was complicated by the conditions of a pandemic, the forced measures of which are to slow down the processes of production and consumption. At present, using of foresight system is aimed at achieving achievements that are subordinate to national goals, which it is advisable to confirm with the apparatus of mathematical models and system analysis in substantiating the methodological foundations of the ecological balance.


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