Croatian Economic Sentiment Indicator: New Components and a New Weighting System (CROSBI ID 538181)
Prilog sa skupa u zborniku | stručni rad
Podaci o odgovornosti
Bahovec, Vlasta ; Čižmešija, Mirjana ; Kurnoga Živadinović, Nataša
engleski
Croatian Economic Sentiment Indicator: New Components and a New Weighting System
The Economic Sentiment Indicator (ESI) is a composite indicator derived from Business and Consumer Surveys (BCS). Qualitative data on businessmen’ s and consumers’ perceptions of their economic environment are translated into quantitative indicators. These are: Industrial Confidence Indicator – ICI, Construction Confidence Indicator – BCI, Retail Trade Confidence Indicator – RTCI, Consumer Confidence Indicator – CCI and Services Confidence Indicator – SCI. All the indicators are calculated as a simple average of seasonally adjusted balances of two, three or four variables in BCS. These indicators are ESI components. BCS are qualitative surveys and widely used means for explaining and forecasting national economic activity. ESI makes it possible to forecast economic activity about one or two quarters before GDP statistics are published. Composite indicators must be occasionally revised in order to improve their prediction performance.
ESI-Economic Sentiment Indicator; ICI; BCI; RTCI; weighting system
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Podaci o prilogu
2007.
objavljeno
Podaci o matičnoj publikaciji
Bulletin of the International Statistical Institute 56th Session, Proeceedings - ISI 2007 - Lisboa
Podaci o skupu
The 56 th Session of the International Statistical Institute
predavanje
22.08.2007-29.08.2007
Lisabon, Portugal