Skip to Main Content
Managerial Economics and Strategy, 2/e
book

Managerial Economics and Strategy, 2/e

by Jeffrey M. Perloff, James A. Brander
February 2016
Beginner to intermediate content levelBeginner to intermediate
500 pages
33h 40m
English
Pearson
Content preview from Managerial Economics and Strategy, 2/e

3.5 Forecasting

Predictions about the future are often referred to as forecasts. Managers frequently seek forecasts of important variables related to demand such as sales or revenues. Large banks and other financial institutions commonly make forecasts regarding macroeconomic variables such as interest rates, gross domestic product, unemployment, and inflation. Governments make forecasts of revenues, expenditures, and budget balances, among other things, and we are all familiar with weather forecasts.

Managers use many different methods to forecast. We concentrate on two commonly used regression-based methods of forecasting: extrapolation and theory-based econometric forecasting.19

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Managerial Economics

Managerial Economics

Vanita Agarwal
Managerial Economics

Managerial Economics

Donald N. Stengel
Principles of Managerial Finance, 15th Edition

Principles of Managerial Finance, 15th Edition

Scott B. Smart, Chad J. Zutter, Lawrence J. Gitman

Publisher Resources

ISBN: 9780134472553