Business and Economic Forecasting for the Information Age

A Practical Approach

A. Reza Hoshmand

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Hardback

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English

Praeger Publishers Inc
30 December 2002

Economic forecasting

The globalization of business and the ubiquity of available data in the information age are the driving forces behind the increasing importance of economic forecasting. In order to remain competitive, private and public organizations alike must employ forecasting techniques effectively. Hoshmand emphasizes the application and practical use of such techniques rather than their theoretical grounding. Decision makers and students who have a solid background in economics and statistics will find this book eminently useful. After discussing the role of forecasting in business decisions, the author moves on to smoothing techniques, regression models, and the advanced time series models of Box-Jenkins. Of particular help to practitioners is the concluding chapter on how to communicate forecasts to management.

Forecasting professionals and researchers will benefit greatly from the information presented by Hoshmand, especially in their role as advisors to management. Few forecasters and even fewer managers will have had the luxury to remain fully informed of the new developments in this rapidly expanding field. Meanwhile, the importance of accurate forecasting to every realm of corporate strategy—production, inventory, purchasing, accounting, marketing, finance, and acquisitions decisions, to name a few—has increased exponentially due to the proliferation of data, the heating up of global competition, and the softening of many markets. No one today can afford to remain ignorant of the importance of economic forecasting for business decisions.

By: A. Reza Hoshmand
Imprint: Praeger Publishers Inc
Country of Publication: United States
Dimensions: Height: 235mm, Width: 156mm, Spine: 29mm
Weight: 631g
ISBN: 9781567204773
ISBN 10: 1567204775
Pages: 336
Publication Date: 30 December 2002
Recommended Age: From 7 to 17 years
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Hardback
Publisher's Status: Active

Preface Forecasting for Management Decisions in an Information Age Data Patterns and Choice of Forecasting Techniques The Macroeconomy and Business Forecasts Data Collection and Analysis in Forecasting Forecasting with Smoothing Techniques Forecasting with Simple Regression Forecasting with Multiple Regression Advanced Regression Methodologies in Forecasting The Box-Jenkins Method of Forecasting Econometric Modeling and Econometric Forecasting Communicating Forecasts to Management Appendices Subject Index

A. REZA HOSHMAND is Professor of Business and Economics at Daniel Webster College.