The Simultaneous Equation Model Based on the Generalized Maximum Entropy Method for Studying the Effect of Managerial Factors on Operation of Investment of Kermanshah Province’s Productive Companies

Subject Areas : Industrial Management

Adel Fatemi ¹ , Hamid Reza Mostafaei ² , Behnaz Karami ³ , Farzad Nazemi ⁴

1 - Assistant professor of Islamic Azad University, Sanandaj branch
2 - Assistant professor of Islamic Azad University, Tehran North branch
3 - M.S. Statistics student of Islamic Azad University of Tehran North branch
4 - Member of Academic Staff, Islamic Azad University, Abhar branch

Received: 2018-01-10 Accepted : 2018-01-10 Published : 2012-05-21

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Abstract :

The paper aims at studying the effect of efficient economic factors on the operation of investment. Existing communications between managerial factors and economic function have been studied by simultaneous equation model based on the estimated method of Generalized Maximum Entropy. Some comparisons have been also made between estimated methods of Generalized Maximum Entropy, Partial Least Squares and Maximum Likelihood Estimation on 40 productive companies of Kermanshah province. Examining the achieved consequences in the following research, the results show more advantages and fewer errors of the Generalized Maximum Entropy method in comparison with common methods of Partial Least Squares and Maximum Likelihood Estimation which are proven with more limits and errors. Consequently, this method can be a reliable and appropriate replacement for estimating factors of regression and errors in the Generalized Maximum Entropy.