Forecasting Methods

3/8/98


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Table of Contents

Forecasting Methods

What Obstacles?

How can a manager see clearly?

Many Miss the Point ...

Econometric Models

Advantages

Disadvantage

Other Disadvantages

Multiple Equation Models

Types of Variables

Exogenous Variables

A Multiple Equation Model

Examples of Econometric Models

Input-Output Analysis

Input-Output Analysis

What will input-output do?

Many Multipliers

Advantages of Input-Output

Disadvantages of Input-Output

Another Disadvantage

How Reliable?

Measures of Reliability

Naïve Model

Summary of Forecasting

Forecasting Methods

More Forecasting Methods

How Useful is the Forecast?

Author: Frederica Shockley