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In his presentation, The Importance of Economic Conditions When Building Forecast Models, Chief Economist of e-forecasting.com Dr Evangelos Simos covers a wide variety of key economic concepts and the possible direct and indirect impacts each has on forecast accuracy.
Although several forecast packages and methodologies exist, we all operate in the same economic environment and the changing conditions impact demand. Even if current corporate forecast processes do not take into account economic conditions, Dr. Simos' presentation will leave the audience with basic guidelines of how to interpret key economic events and their likely outcome on business.
For instance, what are the implications of oil prices spiking to $150 this summer? How much worse are conditions expected to get in Europe and how will that impact exports and foreign demand? Will further Mid East tensions bring violence and political instability? What happens in the US if Obama is re-elected?
e-forecasting.com, an international economic research and consulting firm, offers forecasts of the economic environment using proprietary, real-time economic indicators to produce customized solutions for what’s next. e-forecasting.com collaborates with domestic and international clients and publications to provide timely economic content for use as predictive intelligence to strengthen its' clients competitive advantage.