Note—An Application of Closed-Form Error Analysis to Fiscal Impact Models

For a variety of reasons, predictive power is not always a useful criterion of model validity. One alternative is a closed-form analysis of error propogation, but often the exact functional form is too unwieldy to use. A similar analysis is performed here, using a Taylor series approximation to the impact-multiplier submodel of a fiscal impact model, developed for coal and oil shale assessment.

• 저널Management Science · 28(2) · 213–217
• 토픽Fiscal Policies and Political Economy · Economics and Econometrics
• DOI10.1287/mnsc.28.2.213
• 저자David A. Gulley