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


  • Ioncica Maria

    (Academy of Economic Studies, Bucharest)

  • Petrescu Eva-Cristina

    () (Academy of Economic Studies, Bucharest)

  • Petrescu Marian

    (Academy of Economic Studies, Bucharest)


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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    More about this item


    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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