Practical Business Forecasting / Edition 1

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Overview

Stressing the concrete applications of economic forecasting, Practical Business Forecasting is accessible to a wide-range of readers, requiring only a familiarity with basic statistics. The text focuses on the use of models in forecasting, explaining how to build practical forecasting models that produce optimal results. In a clear and detailed format, the text covers estimating and forecasting with single and multi- equation models, univariate time-series modeling, and determining forecasting accuracy. Additionally, case studies throughout the book illustrate how the models are actually estimated and adjusted to generate accurate forecasts. After reading this text, students and readers should have a clearer idea of the reasoning and choices involved in building models, and a deeper foundation in estimating econometric models used in practical business forecasting.
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Product Details

  • ISBN-13: 9780631220657
  • Publisher: Wiley
  • Publication date: 5/13/2002
  • Edition number: 1
  • Pages: 528
  • Product dimensions: 1.13 (w) x 10.00 (h) x 7.00 (d)

Meet the Author

Dr. Michael K. Evans formerly taught at the Kellogg School at Northwestern University. Since 1981 has headed Evans, Carroll & Associates (formerly Evans Economics), and has generated thousands of forecasts at the macroeconomic, financial, industry, and individual company level. He was awarded the Annual Blue Chip Economic Forecasting Award in 1999 for the most accurate macroeconomic forecasts over the past four years

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Table of Contents

Acknowledgments
Preface
1 Choosing the Right Type of Forecasting Model 3
2 Useful Tools for Practical Business Forecasting 29
3 The General Linear Regression Model 67
4 Additional Topics for Single-equation Regression Models 100
5 Forecasting with a Single-equation Regression Model 145
6 Elements of Univariate Time-series Methods 187
7 Univariate Time-series Modeling and Forecasting 225
8 Combining Forecasts 273
9 Building and Presenting Short-term Sales Forecasting Models 311
10 Methods of Long-term Forecasting 355
11 Simultaneous-equation Models 403
12 Alternative Methods of Macroeconomic Forecasting 443
Index 485
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