Business Reference Guide: Analyzing Economics & Finance (PDF)
(Sprache: Englisch)
This volume begins with an essay by Marlanda English that highlights the essential role of mathematic modeling,
which allows analysts to study “what-if” scenarios to predict what would happen should certain situations occur. The process of applying these...
which allows analysts to study “what-if” scenarios to predict what would happen should certain situations occur. The process of applying these...
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This volume begins with an essay by Marlanda English that highlights the essential role of mathematic modeling,
which allows analysts to study “what-if” scenarios to predict what would happen should certain situations occur. The process of applying these mathematical tools to economics is known as econometrics. According to Ruth A. Wienclaw,
econometrics “gives economists a better understanding of real world phenomena and processes than would more
controlled [and] experimental studies.” Mathematics, as outlined by Simone I. Flynn, can also assist with business
management; well-structured tools provide businesses with the ability to conduct derivative analysis, to generate forecasts,
and to make educated decisions. Michael P. Auerbach notes that the aforementioned computational methods can
also be used by policymakers and theorists to develop comprehensive state-level models.
which allows analysts to study “what-if” scenarios to predict what would happen should certain situations occur. The process of applying these mathematical tools to economics is known as econometrics. According to Ruth A. Wienclaw,
econometrics “gives economists a better understanding of real world phenomena and processes than would more
controlled [and] experimental studies.” Mathematics, as outlined by Simone I. Flynn, can also assist with business
management; well-structured tools provide businesses with the ability to conduct derivative analysis, to generate forecasts,
and to make educated decisions. Michael P. Auerbach notes that the aforementioned computational methods can
also be used by policymakers and theorists to develop comprehensive state-level models.
Bibliographische Angaben
- 2014, Englisch
- Herausgegeben: The Editors of Salem Press
- ISBN-10: 1429835648
- ISBN-13: 9781429835640
- Erscheinungsdatum: 01.05.2014
Abhängig von Bildschirmgröße und eingestellter Schriftgröße kann die Seitenzahl auf Ihrem Lesegerät variieren.
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