Overview of Economic Forecasting Methods

1 Overview of Economic Forecasting Methods : Forecasting Techniques Causal Methods Time Series Methods Qualitative Methods Regression Analysis Multiple Regression Moving Average Exponential Smoothing Trend & Seasonal Decomposit ion Delphi Method Jury of Executive Opinion Sales Force Composite Consumer Market Survey Box-Jenkins ARIMA Qualitative Regression Logit, Probit 2a. Causal (Multivariate) Forecasting Methods : Regression Methods Make projections of the future by modeling the causal relationship between a series and other series. Can use time series or cross-sectional data to forecast. Yt = f (Xt) or Yt = f (X1t, .., Xkt, Y2t, ..,Y1k) Methods : Simple or Multiple models System equation models Seeming unrelated models b.

3 Understanding the classifications of economic data: 1. Primary versus secondary data: The first hand data are called primary data: In natural sciences, the bulk of data are

Loading..

Tags:

  Economic, Data, Methods, Primary, Forecasting, Economic forecasting methods, Primary data

Information

Related search queries