Article ID Journal Published Year Pages File Type
5054798 Economic Modelling 2013 9 Pages PDF
Abstract
► The relationship between inventory change and the industry cycle is examined. ► The nonlinear, two-state, trivariate, Markov regime-switching model is proposed. ► Out-of-sample forecasts is provided. ► Interesting stories of dynamics within the industry are found. ► The production-smoothing theory is superior to the stockout-avoidance theory.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Inventory change, capacity utilization and the semiconductor industry cycle
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