Economic forecasting in a business environment

Article Abstract:

Companies only become concerned with macroeconomics when they want to find out the kind of business environment that they will face. In general, companies are more interested in forecasts that will be useful in determining profits, debt ratios, or the effects of a certain regulation than the condition of the national economy. Currently business owners want projections about the interest rate and inflation since these factors have indirect effects to business.

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Taking the con out of economic forecasting

Article Abstract:

Economic forecasting entails a profound analysis of events and requires a systematic method. It involves design, specification and evaluation. Among the methods applicable in forecasting, econometric and time-series methods are most effective. Forecasters should also consider interval and probability forecasts instead of focusing solely on point forecasts. Moreover, composite forecasting should always be selected wherever possible.

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International economic outlook

Article Abstract:

International economic forecasts are set out in detail for a wide range of indicators, such as inflation and economic growth for both countries and regions.

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