Skip to main content

Methodological Basis of Causal Forecasting of the Economic Systems Development Management Processes Under the Uncertainty

  • Conference paper
  • First Online:
Lecture Notes in Computational Intelligence and Decision Making (ISDMCI 2020)

Abstract

The methodological bases of information support of the contribution of economic development indicators for variables input are proposed. Structural diagrams, directions and quantitative estimates of the causal relationships of the factors affecting the output dependent variable are developed. It is suggested that the difference between apriori and aposteriori entropy of economic system indicators is to be taken as a measure of removing information uncertainty. To improve the accuracy of quantitative estimates of the likelihood of linkages between economic indicators and input variables, we propose to use the Bayes formula. The algorithm of causal prediction is presented. It is recommended to model the forecasting situations using Bayesian networks, which allow us to encode knowledge of causal and associative relationships to make management decisions for the development of complex economic systems.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. State Statistics Service of Ukraine (2020). http://www.ukrstat.gov.ua

  2. Babichev, S., Škvor, J., Fišer, J., Lytvynenko, V.: Technology of gene expression profiles filtering based on wavelet analysis. Int. J. Intell. Syst. Appl. 10(4), 1–7 (2018). https://doi.org/10.5815/ijisa.2018.04.01

    Article  Google Scholar 

  3. Buleev, I., Bryukhovetsky, Y., Ivanenko, L.: Modelling of increase in intellectualization level of employees labour. Econ. Ind. 78(2), 80–96 (2017). https://doi.org/10.15407/econindustry2017.02.080

    Article  Google Scholar 

  4. Chudý, M., Karmakar, S., Wu, W.: Long-term prediction intervals of economic time series. Empir. Econ. 58, 191–222 (2020). https://doi.org/10.1007/s00181-019-01689-2

    Article  Google Scholar 

  5. Dokuchaev, N.: Near-ideal causal smoothing filters for the real sequences. Sig. Process. 118, 285–293 (2016). https://doi.org/10.1016/j.sigpro.2015.07.002

    Article  Google Scholar 

  6. Elgazzar, M., Hemayed, E.: Electrical load forecasting using Hijri causal events. In: 18th International Middle-East Power Systems Conference (MEPCON), pp. 902–906 (2016). Art. No. 7837003. https://doi.org/10.1109/MEPCON.2016.7837003

  7. Lei, W., Qing, F., Zhou, J.: Improved personalized recommendation based on causal association rule and collaborative filtering. Int. J. Distance Educ. Technol. 14(3), 21–33 (2016). https://doi.org/10.4018/IJDET.2016070102

    Article  Google Scholar 

  8. Li, M., Liu, K.: Application of intelligent dynamic Bayesian network with wavelet analysis for probabilistic prediction of storm track intensity index. Atmosphere 9(16) (2018). Art. No. 224. https://doi.org/10.3390/atmos9060224

  9. Li, M.J., Tao, W.Q., Song, C.X., He, Y.L.: Forecasting and evaluation on energy efficiency of China by a hybrid forecast method. Energy Proc. 75, 2724–2730 (2015). https://doi.org/10.1016/j.egypro.2015.07.703

    Article  Google Scholar 

  10. Lu, X., Mamiya, H., Vybihal, J., Ma, Y., Buckeridge, D.: Application of machine learning and grocery transaction data to forecast effectiveness of beverage taxation. Stud. Health Technol. Inform. 264, 248–252 (2019). https://doi.org/10.3233/SHTI190221

    Article  Google Scholar 

  11. Makridakis, S., Hogarth, R.: Forecasting and uncertainty in the economic and business world. Int. J. Forecast. 25(4), 794–812 (2019). https://doi.org/10.1016/j.ijforecast.2009.05.012

    Article  Google Scholar 

  12. Marinescu, I., Lawlor, P., Kording, K.: Quasi-experimental causality in neuroscience and behavioural research. Nat. Hum. Behav. 2(19), 891–898 (2018). https://doi.org/10.1038/s41562-018-0466-5

    Article  Google Scholar 

  13. Mireles-Flores, L.: Recent trends in economic methodology. A literature review. Res. Hist. Econ. Thought Methodol. 36A, 93–126 (2018). https://doi.org/10.1108/S0743-41542018000036A008

  14. Mitra, S.: Is tourism-led growth hypothesis still valid? Int. J. Tour. Res. 21(5) (2019). Art. No. 107320. https://doi.org/10.1002/jtr.2285

  15. Roy, A., Laskar, R.: Non-casual linear prediction based adaptive filter for removal of high density impulse noise from color images AEU. Int. J. Electron. Commun. 72, 114–124 (2017). https://doi.org/10.1016/j.aeue.2016.12.006

    Article  Google Scholar 

  16. Sharko, M., Gusarina, N., Petrushenko, N.: Information model of making management decisions in the economic development of the enterprises. In: Advances in Intelligent Systems and Computing, pp. 304–314 (2019). https://doi.org/10.1007/978-3-030-26474-1

  17. Sharko, M.: Management of the Development of Innovation in Industrial Production. Oldie-Plus, Kherson (2010)

    Google Scholar 

  18. Sharko, M., Panchenko, Y.: Formation of policy of increasing of intellectual potential. Actual Probl. Econ. 6(156), 30–40 (2014)

    Google Scholar 

  19. Sharko, M., Zaitceva, O., Gusarina, N.: Providing of innovative activity and economic development of enterprise the condition of external environment dynamic change. Naukovyy visnyk Polissya 3(11), 65–71 (2017). https://doi.org/10.25140/2410-9576-2017-2-3(11)-57-60

  20. Shpak, N., Odrekhivskyi, M., Doroshkevych, K., Sroka, W.: Simulation of innovative systems under industry 4.0 conditions. Soc. Sci. 8, 202 (2019). https://doi.org/10.3390/socsci8070202

  21. Zolotin, A., Malchevskaia, E., Kharitonov, N., Tulupyev, A.: Local and global probabilistic-logic inference in algebraic Bayesian networks: a matrix-vector description and issues of sensitivity. Comput. Sci. 133–150 (2018). https://doi.org/10.26456/fssc29

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Marharyta Sharko .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2021 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Sharko, M., Shpak, N., Gonchar, O., Vorobyova, K., Lepokhina, O., Burenko, J. (2021). Methodological Basis of Causal Forecasting of the Economic Systems Development Management Processes Under the Uncertainty. In: Babichev, S., Lytvynenko, V., Wójcik, W., Vyshemyrskaya, S. (eds) Lecture Notes in Computational Intelligence and Decision Making. ISDMCI 2020. Advances in Intelligent Systems and Computing, vol 1246. Springer, Cham. https://doi.org/10.1007/978-3-030-54215-3_27

Download citation

Publish with us

Policies and ethics