THE PANDEMIC WAVES’ IMPACT ON ROMANIAN E-MARKET: A NON-LINEAR REGRESSION MODEL | Zendy

Costin Radu Boldea | Zendy; Bogdan Ion Boldea | Zendy

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THE PANDEMIC WAVES’ IMPACT ON ROMANIAN E-MARKET: A NON-LINEAR REGRESSION MODEL

Author(s) -

Costin Radu Boldea,

Bogdan Ion Boldea

Publication year - 2021

Publication title -

facta universitatis series economics and organization

Language(s) - English

Resource type - Journals

eISSN - 2406-050X

pISSN - 0354-4699

DOI - 10.22190/fueo210730028b

Subject(s) - romanian , pandemic , covid-19 , linear regression , econometrics , logistic regression , regression analysis , linear model , economics , statistics , mathematics , medicine , virology , philosophy , linguistics , disease , pathology , infectious disease (medical specialty) , outbreak

The SARS-COV2 pandemic had a strong impact on the Romanian and European e-Market, manifested by the explosive increase in online sales, especially at the beginning of the two waves of epidemic, in spring and autumn. Using a statistical regressive analysis of monthly change in the volume of online sales in Romania, we propose a non-linear regression model of growth of this commercial sector that take into account the economic and socials effects of the three pandemic waves in 2020-2021, combining logistic equations of growth with attenuated quasi-periodical variations of market. The model allows a prediction of the overall behavior of online buyers for 2021 and 2022, similar to last year, but with annual growth peaks slightly less pronounced than in 2020.

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