A Numerical Approach for Quantifying Bi-directional Interactions between Macro Economic Indicators and Construction Industry

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dc.authorid0000-0002-3467-0630
dc.contributor.authorÖzsarıyıldız, Şaban Suat
dc.date.accessioned2025-04-16T21:39:39Z
dc.date.available2025-04-16T21:39:39Z
dc.date.issued2023
dc.departmentFakülteler, Mühendislik Fakültesi, İnşaat Mühendisliği Bölümü
dc.description.abstractThis article discusses a numerical approach for quantifying bidirectional 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 Gross domestic product (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 based on improved Analytic Hierarchy Process (AHP) 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.
dc.identifier.endpage252
dc.identifier.startpage241
dc.identifier.trdizinidN/A
dc.identifier.urihttps://hdl.handle.net/20.500.14440/1141
dc.identifier.volume39
dc.indekslendigikaynakTR-Dizin
dc.institutionauthorÖzsarıyıldız, Şaban Suat
dc.language.isoen
dc.publisherErciyes University Journal of Institute of Science and Technology
dc.relation.ispartofErciyes Üniversitesi Fen Bilimleri Enstitüsü Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_Kurum_20250417
dc.subjectConstruction sector
dc.subjectMacro-economic indicators
dc.subjectBi-drectinal relations
dc.subjectSensitivity
dc.titleA Numerical Approach for Quantifying Bi-directional Interactions between Macro Economic Indicators and Construction Industry
dc.typeArticle

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