Forecasting Methods Classification and its Applicability

Abstract

The article deals with the modern problems of forecasting methods classification. This work defines the basic concepts of the subject domain, forecasts’ classifications, forecasting objects and methods, and describes the main forecasting methods. This work also performs a comparative analysis and identifies the groups of forecasting methods, corresponding to the various types of forecasts and objects. It can be used as a study guide of mathematical forecasting and system analysis in the higher school for such directions of training as “Mathematics”, “Applied Mathematics and Computer Science,” “Business Informatics”.