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

Author

Listed:
  • Ioncica Maria

    (Academy of Economic Studies, Bucharest)

  • Petrescu Eva-Cristina

    () (Academy of Economic Studies, Bucharest)

  • Petrescu Marian

    (Academy of Economic Studies, Bucharest)

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.

Suggested Citation

  • Ioncica Maria & Petrescu Eva-Cristina & Petrescu Marian, 2011. "Methods of Forecasting the Market Evolution Case Study on the Romanian Insurance Market," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 987-992, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:987-992
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2011p1.pdf
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    More about this item

    Keywords

    average growth method; linear trend method; Markov chain; insurance density; insurance penetration;

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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