Forecasting the size distribution of a population of savings accounts
Subtitle: a Markovian approach
Publisher: Naval Postgraduate School
Published: 1973
Place of publication: Monterey, California
Language: eng
Description: The Markov chain model, with extensions to cover the phenomena of arrivals and departures, was applied to a population of savings accounts, in a savings institution, to forecast the size distribution, total number of accounts and total amount of savings of the population.  The stochastic processes governing the behavior of the population were first assumed to be time stationary.  This assumption was then relaxed and an econometric model was used to predict future values of the parameters of the non-stationary model.  Both models were validated by comparing predicted size distributions, total number of accounts and total amount of savings against observed values.  The chi square goodness of fit test was used in the comparison.  The fundamental matrix of the stationary model was also used to predict the equilibrium distribution and related measures of the population.
Notes: Thesis (M.S. in Operations Research)--Naval Postgraduate School, 1973.

Bibliography: l. 230-231.

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