engleski

Aproximation of Global Competitiveness Index (GCI) for Croatia using Polynomial Regression Model

Global Competiveness Index (GCI) is the economic and technological indicator, which allows to determine the level of economic and technological development of a country on an annual basis. It determines the amount of the influence of a number of key factors contributing to create the conditions for the competition. It is published annually in Global Competiveness Report (GCR) by World Economic Forum (WEF). In the paper is given trend analysis and approximation of Croatia’s Global competitiveness index (GCI) for period 2005-2016. Data is adequately approximated with 5th-degree Polynomial Regression Model (PRM5) with R=0.95797, R2=0.91771 and Adj R2=0.84913.

Global competitiveness index (GCI), Regression analysis, Polynomial Regression Model (PRM)

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