Uncertainty bands : a guide to predicting and regulating economic processes / Ashot Tavadyan.

Format:

Book

Author/Creator:

Tavadi︠a︡n, A. A. (Ashot Agasievich), author.

Series:

Anthem Impact

Language:

English

Subjects (All):

Economic forecasting.

Uncertainty.

Physical Description:

1 online resource (ix, 92 pages) : digital, PDF file(s).

Place of Publication:

London : Anthem Press, 2022.

Summary:

With the increasing role of economic uncertainty, improving the efficiency of forecasts is ever so important. This book makes suggestions on how to evaluate the key economic indicators under uncertainty. It presents the interval method to study economic indicators, which will allow us to understand the possibilities of forecasting and the irregular nature of the economy. It is shown that with the accumulation of negative phenomena in a seemingly stable situation the effect of a compressed spring may snap into action. The book outlines the uncertainty relations in the economy, the minimal uncertainty interval, the effect of an expanding uncertainty band, sensitivity thresholds, as well as the principles of systematization and forecasting of economic indicators. The book presents ways to facilitate economic development, assess the quality of a forecast, and increase the efficiency of forecasts and decision-making in conditions of uncertainty.

Contents:

Cover

Half-Title

Title

Copyright

Contents

Preface

Introduction: The Philosophy of Economic Forecasting

1 Interval Links in Economy and the Capabilities of Quantitative Thinking

1. The Interval Method and Systemology

2. The Quantitative Thinking and the Economic Arrhythmia

Summary of Chapter 1

2 The Possibilities for Forecasting Economic Indicators

1. The Effect of Compressed Spring

2. The Uncertainty Relations in Economy

Summary of Chapter 2

3 The Principle of the Minimal Uncertainty Interval

1. The Minimal Uncertainty Intervals of Economic Indicators

2. The Effect of the Expanding Uncertainty Bands in Economy

3. The Sensitivity Thresholds of Economy

Summary of Chapter 3

4 The Intervals of Key Economic Indicators

1. The Systematization of Economic Indicators

2. Intervals for Target and Regulatory Indicators

3. The Key Macroeconomic Task

Summary of Chapter 4

5 Key Principles of Economic Regulation

1. Economic Diseases Caused by Regulation

2. Ten Principles for Forecasting Economic Processes

Summary of Chapter 5

Conclusion

Appendix: The Uncertainty Relations of Economic Indicators

Acknowledgments

Index

Notes:

Title from publisher's bibliographic system (viewed on 09 Dec 2022).

ISBN:

9781839983993

183998399X

9781839984006

1839984007

OCLC:

1323251603