Turning point economics: A micro-economic analysis of trend fluctuation

Mario G. Beruvides, Ana Maria Canto

Research output: Contribution to conferencePaper

4 Scopus citations

Abstract

Performance information is intended to be useful to managers and policymakers involved in the operation of systems under their stewardship. In order to statistically forecast the performance of any system it is necessary to determine if the system is in statistical control. Several methods have been developed to measure economic performance. However despite the positive outcomes in reducing uncertainty about economic performance, existing models have not been successful in accurately predicting turning points in the economy. This paper presents an engineering point of view to economic growth forecasting and provides information on the nature of statistical variations of economic growth.

Original languageEnglish
Pages2051-2056
Number of pages6
StatePublished - 2004
EventIIE Annual Conference and Exhibition 2004 - Houston, TX, United States
Duration: May 15 2004May 19 2004

Conference

ConferenceIIE Annual Conference and Exhibition 2004
CountryUnited States
CityHouston, TX
Period05/15/0405/19/04

Keywords

  • Control charts
  • Growth systems, economic growth
  • Non-zero slope growth

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  • Cite this

    Beruvides, M. G., & Canto, A. M. (2004). Turning point economics: A micro-economic analysis of trend fluctuation. 2051-2056. Paper presented at IIE Annual Conference and Exhibition 2004, Houston, TX, United States.