SHS Web Conf.
Volume 91, 2021Innovative Economic Symposium 2020 – Stable Development in Unstable World (IES2020)
|Number of page(s)||9|
|Section||Stable Development in Unstable World|
|Published online||14 January 2021|
Fuzzy Estimate of the Development of Passenger Cars Production in the Czech Republic
Institute of Technology and Business, School of Expertness and Valuation, Ceské Budejovice, Czech Republic
* Corresponding author: firstname.lastname@example.org
The global outbreak of the COVID-19 and the measures taken, disrupted fundamentally economies around the world. Almost all sectors were affected. The experts have long emphasised the Czech economy’s dependence on the automotive industry. Car producers and companies linked to them have been loaded by severe difficulties after the pandemic outbreak. The article shows one of the constructive ways how to forecast a change in the passenger cars production in the Czech Republic in 2020. Metodologically we lean on a procedure of the fuzzy approach. The prediction itself cannot be derived from the series of historical data of the variables that are related to the target output variable as shown in the fuzzy prediction of GDP for 2018 by this author. Due to the extreme situation caused by pandemic outbreak, the role of expert predictions come intensively into play with their outcomes becoming the set of input data to the fuzzy model. The result of the fuzzy forcast of a change in the cars production in CZ for 2020 shows a greater drop than the official statistical model claims.
Key words: passenger car production / automotive industry / fuzzy approach / fuzzy prediction
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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