FORECASTING THE ECONOMIC PROCESS USING ECONOMETRIC ANALYSIS
Marina Grishchenko, Mariya Tsvil
Abstract
Open-access reader
Marina Grishchenko, Mariya Tsvil
Abstract
Open-access reader
The article considers the necessity of using econometric research methods in the analysis and forecasting of economic processes and phenomena. A concrete example of managerial decision making examined in the given article is based on the assumption of an econometric model and it’s ability to analyze the effectiveness of applying different types of advertising on the company's activities
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The article considers the necessity of using econometric research methods in the analysis and forecasting of economic processes and phenomena. A concrete example of managerial decision making examined in the given article is based on the assumption of an econometric model and it’s ability to analyze the effectiveness of applying different types of advertising on the company's activities
Key concepts: Econometric model, Econometric analysis, Process (computing), Economic forecasting, Computer science, Econometrics, Economic analysis, Economics