- Erciyes Üniversitesi Fen Bilimleri Enstitüsü Dergisi
- Vol: 39 Issue: 2
- A Numerical Approach for Quantifying Bi-directional Interactions between Macro Economic Indicators a...
A Numerical Approach for Quantifying Bi-directional Interactions between Macro Economic Indicators and Turkish Construction Industry
Authors : Şaban Suat Özsariyildiz
Pages : 241-252
View : 54 | Download : 54
Publication Date : 2023-08-31
Article Type : Research Article
Abstract :This article discusses a numerical approach for quantifying bi-directional interactions between economic indicators and the Turkish construction industry. The construction industry is a significant sector that has a substantial impact on economies, especially in terms of jobs and GDP. The article explores the relationship between the construction industry and macroeconomics, and uses macroeconomic models to analyze this relationship. The study focuses on Turkish construction industry and Turkish macro-economic datasets provided by Turkish Statistical Institute (TURKSTAT). The prediction model is constructed using Gradient Boosting algorithm, and sensitivity analysis is applied to capture model priority vector. The results show that some indicators can predict changes in construction prices, while others do not have predictive power. The article concludes by discussing the implications of these findings.Keywords : İnşaat Sektörü, Makro Ekonomik Göstergeler, Çift Yönlü İlişliler, XGBoost modelleri, Duyarlılık analizi