Forecasting in Small Business Management

This work aims to verify an authorial forecasting method from a system of interdependent equations, which is based on empirical equations the structural form and mainly intended for econometric micromodels. The prediction procedure will be analogous so-called chain that used recursive models. difference—compared with model—entails necessity using one reduced-form begin constructing sequence forecasts successive structural-form equations. research results presented above indicate above-proposed iterative guarantees synchronization as part closed cycle relations. A different number iterations required obtain convergent forecasts. It can noticed further ahead forecasted period is, more should carried out Small business management use done remotely. Rapid updates statistical information require cloud-based communication. Completion data in cloud allow, hand, accurate assessment expired and, other, update predictor at any place Internet access.