Passenger car sales projections: Measuring the accuracy of a sales forecasting model

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F18%3A63519476" target="_blank" >RIV/70883521:28120/18:63519476 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Passenger car sales projections: Measuring the accuracy of a sales forecasting model

Original language description

This paper considers the importance of the automobile industry in the global economic environment and sheds additional insight on the forecasting of passenger car sales. The study uses data from the automotive sectors in 38 countries, which account for more than 80% of passenger cars in use worldwide for testing the accuracy of a general framework that uses income and other countryspecific factors to forecast passenger cars sales for short- and mid-term periods. The results indicate that this framework can be applied to a wide range markets, but its performance is primarily influenced by income levels in these markets. Tested and discussed are not only income as the main predictor of sales, but also the effects of other factors such as vehicle ownership level on passenger car sales projections. Income is shown to play both a determining role and a moderating role that affects other variables&apos; impact on passenger car sales. © Ekonomicky ustav SAV a Prognosticky ustav CSPV SAV.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

<a href="/en/project/GA16-25536S" target="_blank" >GA16-25536S: Methodology of Developing a Predictive Model of Sector and Company Performance in the Macroeconomic Context</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomický časopis

ISSN

0013-3035

e-ISSN

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Volume of the periodical

66

Issue of the periodical within the volume

3

Country of publishing house

SK - SLOVAKIA

Number of pages

23

Pages from-to

227-249

UT code for WoS article

000432411900001

EID of the result in the Scopus database

2-s2.0-85044615684