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Applying fractional calculus to analyze final consumption and gross investment influence on GDP. (English) Zbl 07384352

Summary: This paper points out the possibility of suitable use of Caputo fractional derivative in regression model. Fitting historical data using a regression model seems to be useful in many fields, among other things, for the short-term prediction of further developments in the state variable. Therefore, it is important to fit the historical data as accurately as possible using the given variables. Using Caputo fractional derivative, this accuracy can be increased in the model described in this paper.

MSC:

91B82 Statistical methods; economic indices and measures
26A33 Fractional derivatives and integrals
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References:

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