CLASSES OF FORECASTING PROBLEMS ENCOUNTERED IN ECONOMIC PRACTICE

Guta Anca Jarmila
Additional contact information
Guta Anca Jarmila: UNIVERSITY OF PETROSANI, FACULTY OF SCIENCES, SCIENCES ECONOMICS DEPARTMENT

Annals - Economy Series, 2016, vol. 6, 65-70

Abstract: The forecasting, as a science which has gradually accumulated series of pertinent observation and conclusions, which were constituted in a system of know-how with independent object, is confronted in a scientific approach with there formulation of forecasting problems, the problems which contain two parts: one invariable in which the purposes, the forecast horizon and the initial state of forecasting phenomenon are specified and a second part in which the work hypotheses and relative data concerning past or future evolution of phenomenon are specified. The second part determines the specific differences between the types of forecasting problems. In this context, the paper proposes to synthesize the main classes of problems that can appear in the forecasting elaboration taking into account past and future evolution of the different socio-economic process and phenomena and not only, also presenting how to build a production function which can be used in the forecasting elaboration without exclusion of limits it can dispose in achieving of concordance between forecasts and future realities.

Keywords: forecasting problems; classes of forecasting problems; past; future; extrapolation; production; function. (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2016-06/10_GUT ... NOMIC%20PRACTICE.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:cbu:jrnlec:y:2016:v:6:p:65-70

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).