A Markov regime-switching model for the semiconductor industry cycles

• Published in: Economic modelling Vol. 23; no. 4; pp. 569 - 578
• Main Authors: Liu, Wen-Hsien, Chyi, Yih-Luan
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 01.07.2006; Elsevier; Elsevier Science Ltd
• Series: Economic Modelling
• Subjects: Cyclical analysis; Economic forecasts; Forecasts; GNP; Gross National Product; Industrial economics; Markov analysis; Markov regime-switching model; Markovian processes; Regime shifts; Semiconductor industry cycles; Semiconductors; Studies; Turning-point forecast; C53; L16; Markov regime-switching model; Turning-point forecast; L63; Semiconductor industry cycles; Regime shifts

Because of the huge fluctuation in the semiconductor business, it has been a challenging work for the industry researchers to predict the turning points of the semiconductor industry cycles. To catch the cyclical behavior of the semiconductor business, we propose a Markov Regime-Switching model with...