Economic and Business Forecasting

Contents: Preface. 1. Economic and business forecasting. 2. Theory of prices and resource allocation. 3. Banking, credit and money supply. 4. Empirical content of economic theories. 5. Measuring the economic environment. 6. Forecasting of macroeconometric models. 7. Forecasting with economic indicators. 8. Forecasting with econometric models. 9. Evaluation of economic forecasts. 10. National model linkages to industry. 11. Macroeconometrics and models of the firm. 12. Econometric forecasting for future. 13. Future of primary economic factors. 14. Future of other economic factors. Bibliography. Index.

"The concrete applications of economic forecasting, practical business forecasting is accessible to a wide-range of readers, requiring only a familiarity with basic statistics. The text focuses on the use of models in forecasting, explaining how to build practical forecasting models that produce optimal results. In a clear and detailed format, the text covers estimating and forecasting with single and multi-equation models, univariate time-series modeling and determining forecasting accuracy. After reading this text, students and readers should have a clearer idea of the reasoning and choices involved in building models and a deeper foundation in estimating econometric models used in practical business forecasting." (jacket)