Applying fractional calculus to analyze final consumption and gross investment influence on GDP
Abstract
This paper points out the possibility of suitable use of Caputo fractional derivative in regression model. Fitting historical data using a regression model seems to be useful in many fields, among other things, for the short-term prediction of further developments in the state variable. Therefore, it is important to fit the historical data as accurately as possible using the given variables. Using Caputo fractional derivative, this accuracy can be increased in the model described in this paper.
Language: English
Page range: 65 - 72
Published on: Jun 17, 2021
Published by: University of Ss. Cyril and Methodius in Trnava
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year
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© 2021 A. Badík, M. Fečkan, published by University of Ss. Cyril and Methodius in Trnava
This work is licensed under the Creative Commons Attribution 4.0 License.