This paper develops a flexible multi-dimensional assessment method for the comparison of different statistical-econometric techniques based on learning mechanisms with a view to analysing and forecasting regional labour markets. The aim of this paper is twofold. A first major objective is to explore the use of a standard choice tool, namely Multicriteria Analysis (MCA), in order to cope with the intrinsic methodological uncertainty on the choice of a suitable statisticaleconometric learning technique for regional labour market analysis. MCA is applied here to support choices on the performance of various models -based on classes of Neural Network (NN) techniques that serve to generate employment forecasts in West Germany at a regional/district level. A second objective of the paper is to analyse the methodological potential of a blend of approaches (NN-MCA) in order to extend the analysis framework to other economic research domains, where formal models are not available, but where a variety of statistical data is present. The paper offers a basis for a more balanced judgement of the performance of rival statistical tests.

R. Patuelli, S.L. (2003). Multicriteria Analysis of Neural Network Forecasting Models: An Application to German Regional Labour Markets. CHIIKIGAKU KENKYŪ, 33(3), 205-229 [10.2457/srs.33.3_205].

Multicriteria Analysis of Neural Network Forecasting Models: An Application to German Regional Labour Markets

R. Patuelli
;
A. Reggiani;
2003

Abstract

This paper develops a flexible multi-dimensional assessment method for the comparison of different statistical-econometric techniques based on learning mechanisms with a view to analysing and forecasting regional labour markets. The aim of this paper is twofold. A first major objective is to explore the use of a standard choice tool, namely Multicriteria Analysis (MCA), in order to cope with the intrinsic methodological uncertainty on the choice of a suitable statisticaleconometric learning technique for regional labour market analysis. MCA is applied here to support choices on the performance of various models -based on classes of Neural Network (NN) techniques that serve to generate employment forecasts in West Germany at a regional/district level. A second objective of the paper is to analyse the methodological potential of a blend of approaches (NN-MCA) in order to extend the analysis framework to other economic research domains, where formal models are not available, but where a variety of statistical data is present. The paper offers a basis for a more balanced judgement of the performance of rival statistical tests.
2003
R. Patuelli, S.L. (2003). Multicriteria Analysis of Neural Network Forecasting Models: An Application to German Regional Labour Markets. CHIIKIGAKU KENKYŪ, 33(3), 205-229 [10.2457/srs.33.3_205].
R. Patuelli, S. Longhi, A. Reggiani, P. Nijkamp
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/887931
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