THE FORECASTS ACCURACY DURING THE ECONOMIC CRISIS AND STRATEGIES TO IMPROVE IT
THE FORECASTS ACCURACY DURING THE ECONOMIC CRISIS AND STRATEGIES TO IMPROVE IT

Author(s): Marilena Bratu
Subject(s): Economy, National Economy, Business Economy / Management
Published by: ASERS Publishing
Keywords: forecasts accuracy; economic crisis; inflation
Summary/Abstract: In crisis periods many malfunctions affect the economic environment. The forecasting process is also influence by the negative evolution of the macroeconomic variables. It is hard to predict the economic behavior of many indicators because of the lack of stability of the economic world. It is clear that the forecasts accuracy decreases during the crisis periods, this phenomenon being seen in the activity of international institutions specialized in providing macroeconomic forecasts for different countries or regions. Therefore, we try to solve this problem, by finding suitable strategies or ways of improving the predictions accuracy during the economic crisis. We will start from the forecasts made by international institutions.

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