The objective of this study is to compare the different methods which are effective in predicting data of the short-term effect of COVID-19 confirmed cases and DJI closed stock market in the US. Data for confirmed cases of COVID-19 has been obtained from Worldometer, the database of Johns Hopkins University and the US stock market data (DJI)
The present work evaluates the impact of age, population density, total population, rural population, annual average temperature, basic sanitation facilities, and diabetes prevalence on the transmission of COVID-19. This research is an effort to identify the major predictors that have a significant impact on the number of COVID-19 cases per million population for 83 countries. The findings highlight that a population with a greater share of old people (aged above 65) shows a higher number of COVID-19 positive cases and a population with a lower median age has fewer cases. This can be explained in terms of higher co-morbidities and the lower general immunity in the older age group. The analysis restates the widely seen results that a higher median age and greater prevalence of co-morbidities leads to higher cases per million and lesser population density and interpersonal contact helps in containing the spread of the virus. The study finds foundation in the assertion that a higher temperature might lower the number of cases, or that temperature in general can affect the infectivity.The study suggests that better access to sanitation is a certain measure to contain the spread of the virus. The outcome of this study will be helpful in ascertaining the impact of these indicators in this pandemic, and help in policy formation and decision-making strategies to fight against it.
This study has collected information of 145 countries to predict the effect of cases per million (CPM), tests per million (TPM), and proportion of people aged 65 and above (PAO) on the number of deaths per million DPM at the country and continent level. In addition, it evaluates the economic cost of tests, deaths, COVID‐19 cases in terms of reduction in GDP growth rate across the countries. This paper uses a different econometrics model, including analysis of variance (ANOVA), regression, and multinomial regression model. The robust regression model with M and MM‐estimation was also used due to leverage and residuals in country wise GDP database. A significant difference was found in deaths per million (DPM), TPM, number of COVID‐19 cases (CPM), and percentage of people aged 65 and above (PAO) across continents. The DPM is negatively associated with TPM, and it was relatively more effective in reducing DPM in Africa (0.32%) as compared to Asia (0.25%) and Europe (0.28). The results show that a 1% increase in the elderly population causes a 0.62% increase in DPM in Africa, while it caused a 2.31% increase in Europe. The study will be helpful in ascertaining the impact of these indicators in this pandemic and help in policy formation and decision‐making strategies to fight the COVID19 pandemic.
The increase in surface temperature and CO2 emissions are two of the most important issues in climate studies and global warming. The ‘Global Emissions 2021’ report identifies the six biggest contributors to CO2 emissions; China, USA, India, Russia, Japan, and Germany. The current study projects the increase in surface temperature and the CO2 emissions of these six countries by 2028. The EGM (1,1,α,θ) grey model is an even form of the model with a first order differential equation, that has one variable and a weightage background value that contains conformable fractional accumulation. The results show that while the CO2 emissions for Japan, Germany, USA and Russia show a downward projection, they are expected to increase in India and remain nearly constant in China by 2028. The surface temperature has been projected to increase at a significant rate in all these countries. By comparing with the EGM (1,1) grey model, the results show that the EGM (1,1, α, θ) model performs better in both in-sample and out-of-sample forecasting. The paper also puts forward some policy suggestions to mitigate, manage and reduce increases in surface temperature as well as CO2 emissions.
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