Perspectives of Innovations, Economics and Business

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Volume 7
Issue 1
Online publication date 2011-01-16
Title Forecasting by econometric models as support to management
Author Tinde Dobrodolac Seregelj
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.
Citation
References
Enders, W., 2004. Applied economic time series, New York: John Wiley

Kiš, T. et al., 2005. Kvantitativni metodi u ekonomiji, Subotica: Faculty of Economics

Mladenović, Z., Petrović, P., 2003. Uvod u ekonometriju, Belgrade: Faculty of Economics

Roberts, S. and Daniel, L., 1998. Econometric models and Econometric Forecasts, Boston: McGraw-Hill

Todorović, J., Đuričić, D., and Janošević, S., 1998. Strategijski menadžment. Belgrade: Institut za tržišna istraživanja

Waters, D., 2008. Quantitative Methods for Business, Upper Saddle River: Prentice Hall
Keywords Forecasting, econometric models, management.
DOI http://dx.doi.org/10.15208/pieb.2011.17
Pages 72-76
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