Predicting customer demand is the key factor to achieve excellence in supplychain performance (Rick Hoole & Shrunti Mandana, 2005). When businesses become more and more competitive, excellence in the supply chain turns into a prerequisite for survival. Making predictions of the future
This paper contains a description of a small quarterly forecasting model for the Finnish economy. We evaluate the forecasting properties of the model by means of stochastic simulation involving both the endogenous and exogenous variables of the model. The simulations allow us
Value at Risk (VaR) as a branch of risk management has been at the centre of attention of financial managers during past few years, especially after the financial crises in 90’s. And now, after the market failure in 2008, the demand for