Practical Modeling and Forecasting
Just like strategies and tactics, modeling and forecasting sound more intimidating than they really are, at least in the realm of small and midsize businesses. Of course, there are uber-complicated models that require super-powerful IBM machines and years of programming. They are primarily related to simulation of large, complex structures and organisms: national and world economies, various markets' processes, or ecological and biological systems. Most Nobel Prize winners in economics achieved their honors by creating models to support their theories on such sophisticated matters as worldwide monetary dynamics, ...
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