New algorithm revolutionizes accurate estimation of economic trends in ASEAN.
The article develops a new algorithm for estimating parameters in a statistical model. They focus on a specific model that looks at the impact of Foreign Direct Investment in ASEAN countries. The researchers use a combination of mathematical techniques to estimate these parameters accurately. Their approach involves using a weighted matrix and a specific iteration method. By applying this algorithm to real data from 2010 to 2017, they were able to identify the best model based on a certain criterion.