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Economic Forecasting for Management: Possibilities and Limitations
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Bibliographic Detail
Publisher Praeger Pub Text
Publication date September 1, 2002
Pages 248
Binding Hardcover
Book category Adult Non-Fiction
ISBN-13 9781567206012
ISBN-10 1567206018
Dimensions 0.75 by 6 by 9.25 in.
Weight 1.30 lbs.
Original list price $84.00
Summaries and Reviews
Amazon.com description: Product Description:

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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Hardcover
Book cover for 9781567206012
 
The price comparison is for this edition
from Praeger Pub Text (September 1, 2002)
9781567206012 | details & prices | 248 pages | 6.00 × 9.25 × 0.75 in. | 1.30 lbs | List price $84.00
About: 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.

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