Article ID Journal Published Year Pages File Type
1017819 Journal of Business Research 2014 6 Pages PDF
Abstract

Quantile regression is popular because it provides more information as well as comprehensive interpretations. To improve forecasting performance, this study proposes a new quantile information criterion (NQIC), on the basis of the coefficient of variation, and expects the NQIC to reflect whether a variable is predictable. The health care expenditure data determine the thresholds for the NQICs. The thresholds assist in forecasting the development of information and communication technology. From the empirical analyses, the NQICs and thresholds greatly improve the forecasting performance.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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