ECONOMETRIC MODEL OF MULTIPLE EQUATION OF DIFFERENT SHAPE
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Authors:
• Vasile BENDIC, email: vasilebendic@yahoo.com, Afiliation: University Politehnica – BucharestPages:
• 202|209 -
Abstract:
Market economy has its own mechanisms which are subject to a continuous adjustment system through the action of specifics objective laws. In this context the role and the importance of knowing the manifestation way of demand and offer law have defining implications about the operational management of economical agents, about the commercial politic decisions, with spread effects on economic-financial performances. A useful methodological solution is offered by the econometric models based on multiple equations through which it can be estimated not only the physical equilibrium volume for demand and offer of merchandise but also the equilibrium price. The use of multiple equations models formed in more working variant, inevitably presents one useful informational value and required fundamental decision which can allow economical agent to work in ending conditions of profit activity.