Possibilities of Using Interrelations Methods in Foreign Trade Forecasting
The interrelations method is one of less known forecasting methods combining the merits of descriptive and econometric-statistical methods. The essence of the method consists in determining probabilities of realization of events in the future while taking into account interrelations between events. This method consists of two procedural phases: phase of collecting and handling the input information, and phase of Information processing by means of computer. The main merits of this method include a possibility of forecasting measurable and immeasurable events, a possibility of elaborating forecasts for any period of time, and a possibility of simultaneous forecasting of many events.
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