Uncertainty Bands A Guide To Predicting And Regulating Economic Processes
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Uncertainty Bands: A Guide to Predicting and Regulating Economic Processes
With the increasing role of economic uncertainty, improving the efficiency of forecasts is ever so important. This book makes suggestions on how to evaluate the key economic indicators under uncertainty. It presents the interval method to study economic indicators, which will allow us to understand the possibilities of forecasting and the irregular nature of the economy. It is shown that with the accumulation of negative phenomena in a seemingly stable situation the effect of a compressed spring may snap into action. The book outlines the uncertainty relations in the economy, the minimal uncertainty interval, the effect of an expanding uncertainty band, sensitivity thresholds, as well as the principles of systematization and forecasting of economic indicators. The book presents ways to facilitate economic development, assess the quality of a forecast, and increase the efficiency of forecasts and decision-making in conditions of uncertainty.
Digital Systems and Information Technologies in the Energy Sector
Digital transformation and energy transition are undoubtedly the key trends of the last decade that are fundamentally changing the way countries, regions and the global community conduct their economic activities. At first glance, these are phenomena of completely different nature. The editors and authors of the book offer a closer look at the specifics of the development of each trend, the nature of their interdependence, analyze the possibilities of coexistence, and determine the potential effects of such technological symbiosis. The book is characterized by an original, interdisciplinary statement of the problem: description of various aspects of effective interaction between elements of energy and information-technology/digital infrastructures that jointly ensure information needs and compliance with energy efficiency requirements of the modern economy. At the same time, attention is paid to each technological trend separately, as well as to the possibilities of interaction between technological capabilities of energy and digital. International author teams of professionals in different fields offer an interesting perspective on certain aspects of modern technological development of various industries. The book will be of interest to both experienced researchers, undergraduate and graduate students, and practitioners, both energy and IT specialists and even mathematicians.
Economics and Ecological Risk Assessment
With contributions from a wide array of economists, ecologists, and government agency professionals, Economics and Ecological Risk Assessment: Applications to Watershed Management provides a multidisciplinary approach to environmental decision-making at a watershed level. It introduces the fields of ecological risk assessment (ERA) and economic ana