STATISTICAL ESTIMATION OF FORECAST DATA FOR THE BUSINESS ENVIRONMENT

Georgi Mishev
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Georgi Mishev: UNIVERSITY OF NATIONAL AND WORLD ECONOMY, SOFIA

Economics and Management, 2009, vol. 5, issue 4, 5-11

Abstract: The paper reviews particular options for statistical characterization of the level and reliability of some estimates for the expectations (forecast data) in business studies. A quantitative characterization of the expectations for the business environment status is suggested on the basis of a normalized score that is in the range of 0 and 1. An idea for the application of particular statistical methods for evaluation of the reliability of the business environment expectations is also presented.

Keywords: business environment; expectations for the business environment; normalized score; statistical significance of differences in scores (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:neo:journl:v:5:y:2009:i:4:p:5-11

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