Passenger car sales projections: Measuring the accuracy of a sales forecasting model

Pavelková, Drahomíra; Homolka, Lubor; Vychytilová, Jana; Ngo, Minh Vu; Bach, Le Tuan; Dehning, Bruce

dc.title	Passenger car sales projections: Measuring the accuracy of a sales forecasting model	en
dc.contributor.author	Pavelková, Drahomíra
dc.contributor.author	Homolka, Lubor
dc.contributor.author	Vychytilová, Jana
dc.contributor.author	Ngo, Minh Vu
dc.contributor.author	Bach, Le Tuan
dc.contributor.author	Dehning, Bruce
dc.relation.ispartof	Ekonomický časopis
dc.identifier.issn	0013-3035 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2018
utb.relation.volume	66
utb.relation.issue	3
dc.citation.spage	227
dc.citation.epage	249
dc.type	article
dc.language.iso	en
dc.publisher	Institute of Geography of the Slovak Academy of Science
dc.relation.uri	http://www.ekonom.sav.sk/sk/casopis/rocnik/3-2018
dc.relation.uri	https://search.proquest.com/docview/2023955225?pq-origsite=gscholar
dc.subject	Accuracy of model	en
dc.subject	Automotive	en
dc.subject	Forecasting model	en
dc.subject	Income	en
dc.subject	Passenger car sales	en
dc.subject	Vehicle ownership	en
dc.description.abstract	This paper considers the importance of the automobile industry in the global economic environment and sheds additional insight on the forecasting of passenger car sales. The study uses data from the automotive sectors in 38 countries, which account for more than 80% of passenger cars in use worldwide for testing the accuracy of a general framework that uses income and other countryspecific factors to forecast passenger cars sales for short- and mid-term periods. The results indicate that this framework can be applied to a wide range markets, but its performance is primarily influenced by income levels in these markets. Tested and discussed are not only income as the main predictor of sales, but also the effects of other factors such as vehicle ownership level on passenger car sales projections. Income is shown to play both a determining role and a moderating role that affects other variables' impact on passenger car sales. © Ekonomicky ustav SAV a Prognosticky ustav CSPV SAV.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1007823
utb.identifier.obdid	43878362
utb.identifier.scopus	2-s2.0-85044615684
utb.identifier.wok	000432411900001
utb.source	j-scopus
dc.date.accessioned	2018-04-23T15:01:46Z
dc.date.available	2018-04-23T15:01:46Z
dc.description.sponsorship	Czech Science Foundation [16-25536S]
utb.contributor.internalauthor	Pavelková, Drahomíra
utb.contributor.internalauthor	Homolka, Lubor
utb.contributor.internalauthor	Vychytilová, Jana
utb.contributor.internalauthor	Ngo, Minh Vu
utb.contributor.internalauthor	Bach, Le Tuan
utb.fulltext.affiliation	Drahomíra PAVELKOVÁ * – Lubor HOMOLKA * – Jana VYCHYTILOVÁ * – Vu Minh NGO * – Le Tuan BACH * – Bruce DEHNING ** 1 * Drahomíra PAVELKOVÁ – Lubor HOMOLKA – Jana VYCHYTILOVÁ – Vu Minh NGO – Le Tuan BACH, Tomas Bata University in Zlín, Faculty of Management and Economics, Department of Finance and Accounting, nám. TGM 5555, 760 01 Zlín, Czech Republic; e-mail: pavelkova@utb.cz; homolka@utb.cz; vychytilova@utb.cz; ngominhvu@gmail.com; bachstep1008@gmail.com ** Bruce DEHNING, Chapman University, Argyros School of Business and Economics, One University Drive, Orange, CA 92866, USA; e-mail: bdehning@chapman.edu
utb.fulltext.dates	-
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utb.fulltext.sponsorship	The authors are thankful for the financial support received from the Czech Science Foundation, Grant No. 16-25536S: Methodology of Developing a Predictive Model of Sector and Company Performance in the Macroeconomic Context.
utb.scopus.affiliation	Tomas Bata University in Zlín, Faculty of Management and Economics, Department of Finance and Accounting, nám. TGM 5555, Zlín, Czech Republic; Chapman University, Argyros School of Business and Economics, One University Drive, Orange, CA, United States
utb.fulltext.projects	16-25536S