Summary: | Economic indicators are nowadays ones of the most observed, their development does not only serve for comparing individual countries among each other but also show how the given country is prospering. That is why economists are trying to predict also the future development of these indicators via different statistical instruments. Neural networks or Box-Jenkins Method, able to predict future development based on data from the past, are one of the many instruments. The aim of this contribution is to find CZ GDP prediction per individual quarters using neural networks and Box-Jenkins Method, compare them mutually, and evaluate which of them is better.
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