Elliott wave principle as a basis for forecasting of economic indicators of firms competitiveness

T. Smirnov () and G. Suslov ()

Journal of Modern Competition, 2013, issue 3, 129-141

Abstract: When firms are forming their competitive strategy in market conditions there is a problem of forecasting of its future condition and, first of all, changes of the direction of development. This article offers the application of Elliott wave principle in order to determine the bifurcation like «growth — recession» and vice versa of the market and industry.

Date: 2013
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