engleski

Macroeconomic Modelling Relaxing Theoretic Assumptions in the Croatian Financial Sphere

This paper establishes an approach to macroeconomic modelling under conditions of relaxing the assumptions of the classical model. Macroeconomic variables of the Croatian financial market are integrated in the same multiple linear regression model. After parameter estimation by the classic method the problem of multicolinearity appears. Based on the same database the same variables were modelled by mathematical programming. The comparative analysis of results confirms the advantages of linear programming especially when the problem of multicollinearity appears.

parameter estimation; relaxing theoretic assumptions; linear programming; multicollinearity; Croatian financial market

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