Modeling and Forecasting of Economic Dynamics by Complex-Valued Models

Abstract

This chapter is devoted to one goal – modeling economic dynamics using models of complex variables. The chapter opens with the model of Ivan Svetunkov, which represents a complex-valued analog of the model of short-term forecasting of exponential smoothing (Brown’s model). This model possesses remarkable properties and ushers in a new class of models of short-term economic forecasting. It shows how to use a complex-valued analog of Solow’s model of economic dynamics, and its particular properties are demonstrated. The chapter and book conclude with a section devoted to diagnostics of regional socioeconomic development.