Semiparametric approaches to signal extraction problems in economic time series
Computational Statistics & Data Analysis
Statistical Models in S
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Present study is about using of nonparametric models for GDP (Gross Domestic Product) per capita prediction in Turkey. It has been considered two alternative situations due to seasonal effects. In the first case, it is discussed a semi-parametric model where parametric component is dummy variable for the seasonality. In the second case, it is considered the seasonal component to be a smooth function of time, and therefore, the model falls within the class of additive models. The results obtained by semi-parametric regression models are compared to those obtained by additive nonparametric and parametric linear models.