Forecasting by econometric models as support to management

Tinde Dobrodolac

Perspectives of Innovations, Economics and Business (PIEB), 2011, vol. 07, issue 01, 5

Abstract: 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.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 2011
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://ageconsearch.umn.edu/record/128639/files/1 ... onometric_Models.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jrpieb:128639

DOI: 10.22004/ag.econ.128639

Access Statistics for this article

More articles in Perspectives of Innovations, Economics and Business (PIEB) from Prague Development Center (PRADEC) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().