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Forecasting by econometric models as support to management

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  • Dobrodolac, Tinde

Abstract

In the contemporary environment characterized by the dynamic structure of factors and the unpredictability of the relations existing between them, the central problem is the selection of strategic goals. Forecasting is the necessary precursor to the planning process and includes research into the future course of events. Numerous methods and techniques of forecasting are used nowadays. Econometric models can be used successfully for predicting the future development of a phenomenon, and thereby facilitate the choice of strategic goals.

Suggested Citation

  • Dobrodolac, Tinde, 2011. "Forecasting by econometric models as support to management," Perspectives of Innovations, Economics and Business (PIEB), Prague Development Center (PRADEC), vol. 7(1), pages 1-5, January.
    • Handle: RePEc:ags:jrpieb:128639
    DOI: 10.22004/ag.econ.128639
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    Cited by:

    1. Alexandru MANOLE & Emilia STANCIU, 2017. "The Importance Of The Forecasting Methodology In Establishing And Evaluating The National Action Directions," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 154-162, June.
    2. Constantin Anghelache & Alexandru Manole & Madalina-Gabriela Anghel & Emilia Stanciu & Alexandru Ursache, 2017. "Some Significant Macroeconomic Evolutions at the End of 2016," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(1), pages 213-224, January.
    3. Madalina-Gabriela ANGHEL & Constantin ANGHELACHE & Diana Valentina DUMITRESCU & Daniel DUMITRESCU, 2016. "Analysis of the correlation between the Gross Domestic Product and some factorial variables," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(10), pages 138-145, October.
    4. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina-Gabriela ANGHEL, 2017. "Macroeconomic models used in structural analysis of GDP," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 197-206, Spring.
    5. Madalina-Gabriela ANGHEL & Florin Paul Costel LILEA & Maria MIREA, 2017. "Analysis of the interdependence between GDP and Inflation," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(3), pages 148-155, March.
    6. Aurelian DIACONU & Mugur POPOVICI & Maria MIREA & Tudor SAMSON, 2017. "The price effect on population consumption demand," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(1), pages 37-55, January.
    7. Constantin ANGHELACHE & Madalina-Gabriela ANGHEL & Radu STOICA, 2017. "Quarterly Analysis Of Gross Domestic Product Evolution - Significance Of Growth Rate," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 16-28, June.
    8. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina-Gabriela ANGHEL, 2017. "Macroeconomic models used in structural analysis of GDP," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 197-206, Spring.

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    Keywords

    Research Methods/ Statistical Methods;

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