Forecasting by econometric models as support to management

In the contemporary environment characterized by the dynamic structure of factors and the unpredictability of the relations existing between them, the central problem is the selection of strategic goals. Forecasting is the necessary precursor to the planning process and includes research into the future course of events. Numerous methods and techniques of forecasting are used nowadays. Econometric models can be used successfully for predicting the future development of a phenomenon, and thereby facilitate the choice of strategic goals.


Issue Date:
Jan 28 2011
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 1804-0527 (PRINT) (Other)
PURL Identifier:
http://purl.umn.edu/128639
Published in:
Volume 07, Issue 1
Perspectives of Innovations, Economics, and Business
Page range:
72-76
Total Pages:
5
JEL Codes:
C10




 Record created 2017-04-01, last modified 2017-08-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)