Uncertainty Bands: A Guide to Predicting and Regulating Economic Processes

AvAshot Tavadyan

Häftad, Engelska, 2022

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Beskrivning

With the increasing role of economic uncertainty, improving the efficiency of forecasts is ever so important. This book makes suggestions on how to evaluate the key economic indicators under uncertainty. It presents the interval method to study economic indicators, which will allow us to understand the possibilities of forecasting and the irregular nature of the economy. It is shown that with the accumulation of negative phenomena in a seemingly stable situation the effect of a compressed spring may snap into action. The book outlines the uncertainty relations in the economy, the minimal uncertainty interval, the effect of an expanding uncertainty band, sensitivity thresholds, as well as the principles of systematization and forecasting of economic indicators. The book presents ways to facilitate economic development, assess the quality of a forecast, and increase the efficiency of forecasts and decision-making in conditions of uncertainty.

Produktinformation

Utgivningsdatum:2022-06-14
Mått:153 x 229 x 26 mm
Vikt:454 g
Format:Häftad
Språk:Engelska
Serie:Anthem Impact
Antal sidor:102
Förlag:Anthem Press
ISBN:9781839983986

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap
Nationalekonomi inom Ekonomi och Ledarskap

Mer om författaren

Dr. Ashot Tavadyan is member of the Russian Academy of Natural Sciences, member of the International Information Academy of Canada, First Chairman of the Control Chamber of Armenia, Head of Center for Economic Research, Editor-in-Chief of Armenian Economic Journal, NAS RA, Head of Department of Mathematical Methods and Information Technologies in Economics and Business, Russian-Armenian (Slavonic) University (RAU)

Recensioner i media

“Professor Tavadyan has written an interesting book about the philosophy of economic forecasting investigating its connection to uncertainty and warning about the unpredictability of the economic landscape and the need to consider the ‘uncertainty band’ in all decisions related to economic predictions.” – Professor Spyros Makridakis, University of Nicosia UNIC, director of the Institute for the Future IFF, Cyprus.

Innehållsförteckning

Preface; Introduction – The Philosophy Of Economic Forecasting; Chapter 1 – Interval Links in Economy and the Capabilities of Quantitative Thinking; Chapter 2 – The Possibilities for Forecasting Economic Indicators; Chapter 3 – The Principle of the Minimal Uncertainty Interval; Chapter 4 – The Intervals of Key Economic Indicators; Chapter 5 – Key Principles of Economic Regulation; Conclusion; Appendix – The Uncertainty Relations of Economic Indicators; Acknowledgments.