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THE IMPORTANCE OF THE FORECASTING METHODOLOGY IN ESTABLISHING AND EVALUATING THE NATIONAL ACTION DIRECTIONS

Alexandru Manole and Emilia Stanciu
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Alexandru Manole: „Artifex” University of Bucharest
Emilia Stanciu: Bucharest University of Economic Studies

Romanian Statistical Review Supplement, 2017, vol. 65, issue 6, 154-162

Abstract: Macroeconomic forecasting is indispensable in establishing action plans for any governance system, statistical and economic models and models as the tool for assessing the past and present situation and the starting point for future decisions. Recent research and reports indicate that Romania is currently on an upward, very favorable trend, and if measures are not taken urgently to consolidate this advantage and straighten vulnerabilities, we are likely to lose what we have achieved To achieve in recent years growth. The article highlights in the first place the progress we have made on some indicators in the recent period and the objectives for the next period.

Keywords: forecasting; forecasting methodology; models; economic growth; economic indicator (search for similar items in EconPapers)
JEL-codes: E17 F43 (search for similar items in EconPapers)
Date: 2017
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