TYPES, METHODS, AND THEORETICAL FOUNDATIONS OF MACROECONOMIC INDICATOR CALCULATION

This article is devoted to the features of forecasting and analysis methods. Forecasting macroeconomic indicators is a complex and time-consuming process. The significant gap between expected indicators and actual results limits the widespread use of statistical and mathematical forecasting methods. In practice, this drawback is usually mitigated by using the simplest direct calculation methods. From this perspective, systematizing forecasting methods and considering their advantages and disadvantages concerning macroeconomic indicators is of great importance. Although extensive research has been conducted by scientists from various countries, a universal macroeconomic indicator system, particularly the system of expenditure indicators, which enables obtaining results with minimal deviation from actual values through forecasting, has not yet been developed. The purpose of this study is to present the main results of the research, along with providing a theoretical and methodological review that will be useful in practice, as well as in scientific and educational activities. Keywords: Macroeconomic indicators, GDP, GNI, employment, unemployment rate.

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Publication Details

Journal
EPRA International Journal of Economic and Business Review
Published
2025-04-16
DOI
https://doi.org/10.36713/epra21084
Primary Topic
Economic Development and Digital Transformation
Type
article
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article

TYPES, METHODS, AND THEORETICAL FOUNDATIONS OF MACROECONOMIC INDICATOR CALCULATION

Farmonov Ilhomjon Iqboljon o'g'li
EPRA International Journal of Economic and Business Review
Economic Development and Digital Transformation
article

TYPES, METHODS, AND THEORETICAL FOUNDATIONS OF MACROECONOMIC INDICATOR CALCULATION

Farmonov Ilhomjon Iqboljon o'g'li
article en

Abstract

This article is devoted to the features of forecasting and analysis methods. Forecasting macroeconomic indicators is a complex and time-consuming process. The significant gap between expected indicators and actual results limits the widespread use of statistical and mathematical forecasting methods. In practice, this drawback is usually mitigated by using the simplest direct calculation methods. From this perspective, systematizing forecasting methods and considering their advantages and disadvantages concerning macroeconomic indicators is of great importance. Although extensive research has been conducted by scientists from various countries, a universal macroeconomic indicator system, particularly the system of expenditure indicators, which enables obtaining results with minimal deviation from actual values through forecasting, has not yet been developed. The purpose of this study is to present the main results of the research, along with providing a theoretical and methodological review that will be useful in practice, as well as in scientific and educational activities. Keywords: Macroeconomic indicators, GDP, GNI, employment, unemployment rate.

EPRA International Journal of Economic and Business Review
Openalex Percentile: Top 89%
Economic Development and Digital Transformation
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TYPES, METHODS, AND THEORETICAL FOUNDATIONS OF MACROECONOMIC INDICATOR CALCULATION — Farmonov Ilhomjon Iqboljon o'g'li · EPRA International Journal of Economic and Business Review (2025) | TGRS Research Map | TGRS