Economic Forecasting By A Piecewise Regression Tree Method
Real GDP growth rate is an indicator which can be used to measure the overall economic achievement of a country during the certain amount of time. Policy makers are very interested in GDP growth rate, especially, forecasting the growth rate of a country. We propose the application of regression tree methods to do an economic forecasting. The method is quite easier than complex models due to flexible model fitting algorithm, and gives us reasonable forecasting results.
Index Terms- Data Mining, Forecasting, GDP Growth Rate, Regression Tree