Interactive Input-Output Analysis in the Presence of Variation on Demand.
Abstract
A statistical analysis of Leonteif's Input-Output method is presented and an interactive computer program implementing this analysis is described. The program constructs a mathematical model of an economic system by having a user respond to questions and fill in the blank statements. Then, using the same techniques, the program ascertains the demands of products and the variance-covariance matrix associated with the demands. Input requirements are computed based on the demands and the variance-covariance matrix associated with the demands is translated to one associated with the input requirements. A confidence ellipsoid is computed and the extreme values for each input requirement determined. This effectively places the confidence ellipsoid in a rectangular box making it easier for the user to interpret. After inspection of the results the user can proceed to modify any parameters in the system and recompute the results. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1971
- Accession Number
- AD0728401
Entities
People
- Carl R. Fortson
Organizations
- University of Georgia