Forecasting Methods in Economic Practice

Forecasting and management, the need for and role of forecasting, basic terms. Approaches to forecasting. An overview of forecasting techniques. Quantitative forecasting methods: decomposition methods for time - series forecasting, regression methods. Judgemental approaches to forecasting. Technological and environmental forecasting: long term trends, the Delphi method, cross - impact method. The industrial and information revolutions. New product forecasting.