Methods of Forecasting the Market Evolution Case Study on the Romanian Insurance Market

Ioncica Maria, Petrescu Eva-Cristina () and Petrescu Marian
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Ioncica Maria: Academy of Economic Studies, Bucharest
Petrescu Eva-Cristina: Academy of Economic Studies, Bucharest
Petrescu Marian: Academy of Economic Studies, Bucharest

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 987-992

Abstract: There are various methods of evaluating and forecasting the evolution of a market, each method having advantages and disadvantages. In this paper we shall present and exemplify on the case of the Romanian insurance market some statistical methods: average growth method, linear trend method and Markov chain.

Keywords: average growth method; linear trend method; Markov chain; insurance density; insurance penetration (search for similar items in EconPapers)
JEL-codes: G22 M31 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:987-992

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