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The Importance Of The Forecasting Methodology In Establishing And Evaluating The National Action Directions

Author

Listed:
  • Alexandru MANOLE

    („Artifex” University of Bucharest)

  • Emilia STANCIU

    (Bucharest University of Economic Studies)

Abstract

Macroeconomic forecasting is indispensable in establishing action plans for any governance system, statistical and economic models and models as the tool for assessing the past and present situation and the starting point for future decisions. Recent research and reports indicate that Romania is currently on an upward, very favorable trend, and if measures are not taken urgently to consolidate this advantage and straighten vulnerabilities, we are likely to lose what we have achieved To achieve in recent years growth. The article highlights in the first place the progress we have made on some indicators in the recent period and the objectives for the next period.

Suggested Citation

  • Alexandru MANOLE & Emilia STANCIU, 2017. "The Importance Of The Forecasting Methodology In Establishing And Evaluating The National Action Directions," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 154-162, June.
    • Handle: RePEc:rsr:supplm:v:65:y:2017:i:6:p:154-162
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    More about this item

    Keywords

    forecasting; forecasting methodology; models; economic growth; economic indicator;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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