Ashot Tavadyan

Uncertainty Bands: A Guide to Predicting and Regulating Economic Processes (eBook, ePUB)

• Format: ePub

Produktbeschreibung

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.

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Produktdetails

• Verlag: Anthem Press
• Seitenzahl: 102
• Erscheinungstermin: 14. Juni 2022
• Englisch
• ISBN-13: 9781839984006
• Artikelnr.: 63388458

Autorenporträt

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)

Inhaltsangabe

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.