Time Series: An Application to Predict the Demand and Supply

Author(s): LEO ANTO TA, Kona Vijaya Suseela and Sharmila K

Abstract:

Economics is a main stepping stone of a country. How THE Growth in the economic field is gradually increasing according to the fact that only the country will become developed country. As a citizen of our country it’s our duty to understand the economic state and also contribute something into the economy of our country. The multinational companies of a country are a main part of that country to develop the economic strength of the country. How the production and sale of one company is increasing because only they can help their country to be more economically stable. This is a review paper about how the time series method we can use in the field of Economics to predict the demand and supply. And also this paper is a novel study about the demand supply and the price of commodities of respected companies and how the time series method we can apply for finding or predicting the demand after some years. And also this paper aims to predict the supply and also to check the state of equilibrium by the people who all are doing business or in the field of marketing to understand that we can use this method to predict the demand and supply changes in the upcoming years. By that they can take initiatives and effective changes for making their business or the field of marketing into success and through they can help the country.

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Pages: 59-62     |    3 View     |    0 Download