Time Series Analysis of New Cars Sale in Bosnia and Herzegovina

Abstract:

The paper provides analysis of new car sales in Bosnia and Herzegovina for the period 2007-2014. For the examined period new car sales in B&H was reduced by 53.67%, from 12449 in 2007 to 6682 in 2014. The trend can be approximated using 3rd degree polynomial regression model with coefficient of determination R²=0,845. Most new cars sold were by Skoda and least was sold by Porsche. Total number of sold vehicles for this period was 73152. We also present annual growth, chain growth and cumulative growth index for the given period.

• Periodical: Applied Mechanics and Materials (Volume 806)
• Pages: 287-293
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.806.287
• Online since: November 2015
• Authors: Esad Jakupović, Vladimir Stojanović, Sanel Jakupović, Dragana Trnavac*
• Keywords: Cars Sale, National Car Consumption, Regression Analysis, Time Series Analysis

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