Economic Forecasting: Top 3 Techniques
The following points highlight the top three techniques of economic forecasting in business. The techniques are: 1. Methodology 2. Industry Forecasting 3. Firm's Product Demand Forecasting. Technique # 1. Methodology: Various economic forecasting techniques are available. They range from simple and relatively inexpensive procedures to methods that are quite complex, highly sophisticated and very expensive. Some of the techniques are [...]