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A Multivariate Mathematical Model to Analyze the Market Prices Correlation at Regional Level

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Digital Enterprise and Information Systems (DEIS 2011)

Part of the book series: Communications in Computer and Information Science ((CCIS,volume 194))

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Abstract

In this work is presented the total least squares algorithm and its application in the economic field, whose calculation can be performed using certain software packages. This approach can be also used to analyze the dependence between various economic indicators, especially for the situation in which the direction of the causality between the model variables is unknown. The model is employed for studying the relation between wheat market prices for three Romanian historical regions, which are some of the most important cereal producers for Romania. The final result consists in a unified formula, which provides a global pattern of the national wheat market as a whole.

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Author information

Authors and Affiliations

  1. Department of Statistics and Econometrics, The Bucharest Academy of Economic Studies, Romania

    Andreea Iluzia Iacob

  2. Department of Mathematics, The Bucharest Academy of Economic Studies, Romania

    Costin-Ciprian Popescu

Authors
  1. Andreea Iluzia Iacob
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  2. Costin-Ciprian Popescu
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Editor information

Editors and Affiliations

  1. London Metropolitan Business School, London Metropolitan Business University, Eden grove - EG4.06, N7 8EA, London, UK

    Ezendu Ariwa

  2. Information Systems Department, King Saud University, 11543, Riyadh, Saudi Arabia

    Eyas El-Qawasmeh

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© 2011 Springer-Verlag Berlin Heidelberg

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Iluzia Iacob, A., Popescu, CC. (2011). A Multivariate Mathematical Model to Analyze the Market Prices Correlation at Regional Level. In: Ariwa, E., El-Qawasmeh, E. (eds) Digital Enterprise and Information Systems. DEIS 2011. Communications in Computer and Information Science, vol 194. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-22603-8_11

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  • DOI: https://doi.org/10.1007/978-3-642-22603-8_11

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-22602-1

  • Online ISBN: 978-3-642-22603-8

  • eBook Packages: Computer ScienceComputer Science (R0)

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