The Business Forecasting Revolution: Nation, Industry, FirmWith the microcomputer revolution, econometric forecasting has begun to move from distant think tanks and data centers to the executive's desk. In The Business Forecasting Revolution, eminent economist F. Gerard Adams shows executives how they can use these sophisticated tools to improve their business planning, and how they can apply forecasting techniques to the economy as a whole, to the needs of specific industries, and to their own firm. |
Contents
Challenge to Business | 3 |
Old and NewThe Implications for Economic Forecasting | 19 |
Measuring the Economic EnvironmentThe Statistics | 41 |
Copyright | |
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accounts adjustment affect aggregate alternative analysis approach assumptions behavior billion budget business cycle business economists business forecaster capacity utilization CEMCO cement changes coefficients consumer corporate model corporate simulation cost deficit detailed developments dollar econometric forecasting econometric models econometrician economic activity economic environment economy's error error bands estimated example exchange rate exogenous Federal Reserve Figure final demand firms fore impact important increase industry model inflation input-output inputs interest rates inventory investment Keynesian labor linkage equations linked long-term macro macroeconomic macromodel mainframe computer measure ment microcomputer monetarism monetarist monetary policy money supply nomic operating output personal income Phillips curve planning predicted production projections quarter rational expectations recession requirements SAAR scenario sector short-term simulation model statistics steel structure sumer supply side survey theory tion trend U.S. economy unemployment variables