IDEAS home Printed from https://ideas.repec.org/a/taf/jbemgt/v7y2006i3p111-117.html
   My bibliography  Save this article

Evaluation of some business macro environment forecasting methods

Author

Listed:
  • Vulfs Kozlinskis
  • Kristine Guseva

Abstract

Latest studies in the field of business macro environment (BME) assessment and forecasting have been undertaken and successfully implemented by the World Bank (2003–2004). Considerable contribution to the field has been made by Nobel Prize winners in Economics F. Kydland and E. Prescott in 2004. Nonetheless, a number of issues concerning BME evaluation and forecasting is still left unstudied. The Article highlights two major issues of BME: the fist part of the paper is focused on assessment of BME and the quality of BME development prognosis made by entrepreneurs. Based on key findings the following second part of the research examines the accuracy (validity) of businessmen prognosis and identifies key indicators businessmen rely on for formulating their future expectations. For that purpose a system of parameters and trends, as well as entrepreneurs’ survey results have been applied. The study concludes by illustrating the effect of inaccurately formulated prognosis and expectation on further development of BME events in conjunction with new assessment and forecasting proposals.

Suggested Citation

  • Vulfs Kozlinskis & Kristine Guseva, 2006. "Evaluation of some business macro environment forecasting methods," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 7(3), pages 111-117.
    • Handle: RePEc:taf:jbemgt:v:7:y:2006:i:3:p:111-117
    DOI: 10.1080/16111699.2006.9636131
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/16111699.2006.9636131
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/16111699.2006.9636131?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kiyak Deimena & Pranckevičiūtė Linara, 2016. "Determining the Relation Between the Business Environment and Companies Solvency Factors in the Post – Crisis Period," Ekonomika (Economics), Sciendo, vol. 95(3), pages 64-80, December.
    2. Chin-Hong Puah & Shirly Siew-Ling Wong & Venus Khim-Sen Liew, 2013. "Testing rational expectations hypothesis in the manufacturing sector in Malaysia," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 14(2), pages 303-316, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jbemgt:v:7:y:2006:i:3:p:111-117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TBEM20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.