Do the Markov Switching-based Hybrid Models Perform Better in Forecasting Exchange Rates?
ABSTRACTIn this study, we extend the traditional monetary model and the random walk model with Markov-switching method and propose two new forecasting models called the Markov switching monetary mo...
Built upon the modernsaving theory, this paper stuies the current economic condition of Heilongjiang province, establishes econometric model of saving deposit according to statistics from 1990 to 2002. This paper comes to primary conclusions following a brief economic analysis on the indexes of the model.