Demanding Model of Automobile Loan Using Stochastic Theory

.
DOI: 10.4236/ti.2010.13025   PDF   HTML     8,136 Downloads   11,654 Views   Citations

Abstract

We propose a double forecasting model using stochastic theory .The demand of automobile loan is the sum of all compound variables which indicated that automobile loan was credited to customer occurring in a certain period of time. Probability distribution of automobile loan was acquired using throughout probability theory. In view of such a fact, demand of automobile loan can be viewed as a conditional mathematic expectation. The forecasting model is proposed using growing function. Theoretical analysis and Case study shows that model based on conditional expectation is better than other model available with respect to forecasting demand of automobile loan.

Share and Cite:

Z. Wang, "Demanding Model of Automobile Loan Using Stochastic Theory," Technology and Investment, Vol. 1 No. 3, 2010, pp. 211-214. doi: 10.4236/ti.2010.13025.

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1] J. K. Dagsvik and G. Liu, “A Framework for Analyzing Rank-Ordered Data with Application to Automobile Demand,” Transportation Research Part A: Policy and Practice, Vol. 43, No. 1, 2009, pp. 1-12.
[2] J. Lee and Y. Cho, “Demand Forecasting of Diesel Passenger Car Considering Consumer Preference and Government Regulation in South Korea,” Transportation Research Part A: Policy and Practice, Vol. 43, No. 4, 2009, pp. 420-429.
[3] A. A. Dick, “Demand Estimation and Consumer Welfare in the Banking Industry,” Journal of Banking & Finance, Vol. 32, No. 8, 2008, pp. 1661-1676.
[4] W. J. den Haan, S. W. Sumner and G. M. Yamashiro, “Bank Loan Portfolios and the Monetary Transmission Mechanism,” Journal of Monetary Economics, Vol. 54, No. 3, 2007, pp. 904-924.
[5] L.-C. Chi, “How have Banks Fared Following a Borrower’s Financial Distress,” Economic Modelling, Vol. 26, No. 2, 2009, pp. 480-488.
[6] Q. Wang, “Forecast and Analysis on the Prospect of China’s Consumer Car Loan,” Operations Research and Management Science, Vol. 11, No. 2, 2002, pp. 117-121.
[7] Q. Ye, “Improving on GM (1,1) and its Application in the Forecast of Bank Loan,” Mathematics in Practice and Theory, Vol. 38, No. 18, 2008, pp. 20-27.

  
comments powered by Disqus

Copyright © 2020 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.