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Demanding Model of Automobile Loan Using Stochastic Theory

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DOI: 10.4236/ti.2010.13025    7,873 Downloads   11,254 Views   Citations
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ABSTRACT

We propose a double forecasting model using stochastic theory .The demand of automobile loan is the sum of all compound variables which indicated that automobile loan was credited to customer occurring in a certain period of time. Probability distribution of automobile loan was acquired using throughout probability theory. In view of such a fact, demand of automobile loan can be viewed as a conditional mathematic expectation. The forecasting model is proposed using growing function. Theoretical analysis and Case study shows that model based on conditional expectation is better than other model available with respect to forecasting demand of automobile loan.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

Z. Wang, "Demanding Model of Automobile Loan Using Stochastic Theory," Technology and Investment, Vol. 1 No. 3, 2010, pp. 211-214. doi: 10.4236/ti.2010.13025.

References

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