Economic Forecasting for Management: Possibilities and Limitations - Hardcover

Graf, Hans Georg

Hardcover

ISBN 10: 1567206018 ISBN 13: 9781567206012

Verlag: Praeger, 2002

Inhaltsangabe

Before future-oriented information can be used as a basis for decision making in economics or business administration, it must be understood on a methodological level. This book provides decision makers with a thorough understanding of the possibilities offered by various forecasting methods as well as their limitations. If managers rely on a forecast with a long-term perspective to guide them in making short-term decisions, planning deficiencies will likely result. Likewise, if managers use short-term forecasts to inform their long-term strategic vision, failure could easily ensue. Graf provides the tools necessary to sidestep the common pitfall of using the wrong forecasting technique for the wrong purpose.

This is not a detailed examination of the mathematical and statistical tools of empirical economic research. Instead, forecasting methods are explained so that they can be understood by the managers who employ them in their decision making. Graf demonstrates that understanding and-in special cases-cooperation between forecast developers and users is crucial to creating an effective forecast that results in informed management decisions. He discusses traditional, long-term, macroeconomic, and global economic forecasting; the scenario technique as a central instrument of long-term forecasting; and short-term economic and market forecasting.

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Über die Autorin bzw. den Autor

Hans G. Graf

Details zur Ausgabe

• Verlag: Praeger
• Erscheinungsdatum: 2002
• Sprache: Englisch
• ISBN 10: 1567206018
• ISBN 13: 9781567206012
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 264
• Kontakt zum Hersteller: preigu GmbH & Co. KG; mail@preigu.de; ; Lengericher Landstr. 19; Osnabrück; Niedersachsen; 49078; Deutschland