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Journal of Business Economics and Management

ISSN: 1611-1699 (Print) 2029-4433 (Online) Journal homepage: http://www.tandfonline.com/loi/tbem20

Evaluation of some business macro environment forecasting methods
Vulfs Kozlinskis & Kristine Guseva
To cite this article: Vulfs Kozlinskis & Kristine Guseva (2006) Evaluation of some business macro environment forecasting methods, Journal of Business Economics and Management,
7:3, 111-117
To link to this article: http://dx.doi.org/10.1080/16111699.2006.9636131

Published online: 14 Oct 2010.

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Date: 10 November 2015, At: 14:42

Journal of Business Economics and Management
2006, Vol VII, No 3, 111–117

ISSN 1611-1699

EVALUATION OF SOME BUSINESS MACRO ENVIRONMENT FORECASTING
METHODS

Vulfs Kozlinskis1, Kristine Guseva2
Riga International School of Economics and Business Administration (RISEBA),
Meza iela 1, k. 2, LV-1048 Riga, Latvia
E-mail: 1Vulfs@rsebaa.lv, 2 kris@rsebaa.lv

Downloaded by [86.20.58.206] at 14:42 10 November 2015

Received 06 03 2006; accepted 28 04 2006
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

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