Purpose and area of application

System of Econometric Modelling and Prediction (SEMP) is intended for building and using of the econometric models. The program includes procedures, required for model building: statistical data editing; model specification, identification and testing of econometric models.

Technical characteristics

For construction of a single equation the models of regression and autoregression types are used.
For identification of simultaneous equation systems the following statistical procedures are used: Least Squares (One-Stage, Two-Stage, Three-Stage) procedures, approximating approach and method, based on the using of prior information.
Testing of models is realised by means of statistical tests and computer simulation.
Using of the models expects a decision of such problems as an analysis, forecasting and simulation of macroeconomic factors; correction of models (adding or deleting variables, renovation of statistical data etc.);
Presentation of results in the suitable form.

The package of applied programs (SEMP) represents the integrated system developed as application of Microsoft Windows.