Financial micro-macro qualitative response models

Mieczyslaw Kowerski, Jarosław Bielak, Mariusz Poninkiewicz

Abstract


Most of financial decisions (choices, evaluation) of firms, households and consumers have the qualitative (discrete) character and are determined by microeconomic (idiosyncratic) and macroeconomic factors. So, the financial micro-macro qualitative response models are an excellent choice for financial decisions modelling. They give possibilities to analyse the decision taking into account probability distributions according to the values of micro- and macroeconomic variables as well. In the paper the different forms of such models (binominal and multinominal) were presented and some applications of financial micro-macro qualitative response models were shown.

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DOI: http://dx.doi.org/10.17951/h.2014.48.3.167
Date of publication: 2015-05-23 19:36:28
Date of submission: 2015-04-16 20:11:40


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