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Forecasting a Storm of Economic Proportions

By IGI Global on Jun 29, 2010
Prospects of social unrest or sporadic incidents of violence are extremely plausible as the U.S. economic crisis is spiraling at a rate unseen since the Great Depression.

According to Mike Whitney, writer for the Market Oracle, "the economy is the country's top concern, with persistently high unemployment the greatest threat the public sees. Eight of 10 Americans rate joblessness a high risk to the economy in the next two years, outranking the federal budget deficit, which is cited by 7 of 10. An increase in taxes is named as a high risk by almost 6 of 10." ( www.marketoracle.co.uk/Article15784.html)

Several businesses worldwide are turning to analysis providers for assistance with forecasting and decision support. One provider in particular, the Economic Intelligence Unit (EIU) is the world's foremost provider of country, industry and management analysis. Founded in 1946 when a director of intelligence was appointed to serve The Economist, the EIU is now a leading research and advisory firm with more than 40 offices worldwide.

The EIU recently merged with Economist Conferences to deliver 360-degree decision support for businesses. They call it 360-degree decision support because they can help a business at any stage of their decision-making process: whether gathering facts, developing plans, networking with executives or benchmarking strategies. They can also provide a business with intelligence in a number of preferred formats: through electronic services, custom research, executive meetings or personalized presentations. ( www.eiu.com/)

With the rapid development of economic globalization and information technology, the field of economic forecasting continues its expeditious advancement, providing business and government with applicable technologies. IGI Global is taking great strides in providing Intelligence units such as EIU with the research necessary to supply these platforms to businesses.

IGI Global's recent title, Business Intelligence in Economic Forecasting: Technologies and Techniques (edited by: Jue Wang and Shouyang Wang, Chinese Academy of Science, China) discusses various Business Intelligence techniques including neural networks, support vector machine, genetic programming, clustering analysis, TEI@I, fuzzy systems, text mining, and many more. The book serves as a valuable reference for professionals and researchers interested in BI technologies and their practical applications in economic forecasting, as well as policy makers in business organizations and governments.

Business Intelligence in Economic Forecasting: Technologies and Techniques

For more information on this title, please visit:
www.igi-global.com/Bookstore/TitleDetails.aspx?TitleId=37325

As a complement to this publication, IGI Global also offers the International Journal of Business Intelligence Research (IJBIR). For more information on this journal and to request a free sample copy, please visit: www.igi-global.com/Bookstore/TitleDetails.aspx?TitleId=1168&DetailsType=FreeSampleCopy
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