Judgmental vs. time series vs. deterministic models in local revenue forecasting
A florida case study
Bibliographic Data
| ID | 20201064 |
|---|---|
| Authors | Howard A Frank (0009-0004-4498-3253, Florida International University), Xiaohu Wang (0000-0003-0912-3050, Florida International University) |
| Year | 1994 |
| Volume | 6 |
| Issue | 4 |
| Pages | 493-517 |
| Publication date | 1994-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Public Budgeting Accounting & Financial Management (JOURNAL) |
| Journal identifiers | ISSN: 1096-3367 • E-ISSN: 1945-1814 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/jpbafm-06-04-1994-b001 |
| OpenAlex | W2771902759 |
| Language | EN |
| Citations received | 2 |
| References cited | 6 |
This article presents a study of revenue forecasting in a Florida municipal government. Seven techniques, including the budget officers' judgmental approach, time series models, a deterministic model, and an optimized model, are employed with franchise and utility receipts in the Town of Davie. The authors found that simple time series models outperformed deterministic models and the judgmentally derived forecasts of local officials. Consistent with prior research, findings here suggest that the time series models are not only accurate, but also easy to implement and readily comprehensible by local officials
Business · Econometrics · Economics · Franchise · Local government · Machine learning · Operations research · Political science · Revenue · Time series · Computer Science · Decision-Making and Behavioral Economics · Forecasting Techniques and Applications · Mathematics · Public Administration · Finance · Marketing
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,09 |
| Citation span | 2003 - 2016 (14) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |