A structural break is viewed as a permanent change in the parameter vector of a model. Using taxonomies of all sources of forecast errors for both conditional mean and conditional variance processes, we consider the impacts of breaks and their relevance in forecasting models: (a) where the...

The introduction of new industrial legislation in 1987, in the former Soviet Union, followed a policy of decentralization in which factories were given increased authority to seek their own customers and suppliers, agree prices, and to engage directly in foreign trade. Additionally, from 1987,...

The process of consumer goods planning and demand research in a centralised socialist system, that of the German Democratic Republic (GDR) is presented and analysed. The system′s degree of centralisation and performance record; and its effectiveness in meeting consumer needs are evaluated and...

Examines influences of negativity on marketing management, e.g. the approach of scarcities of raw materials' emerging new consumer values; and a new international economic order — requiring co‐operation among rival organizations or governments. Pinpoints the petroleum crisis of December 1973...

Explores suitable ways of modifying cost‐plus pricing policies in the context of marketing based theory. Reports the findings of a research project concerned with the procedures followed in the pricing of consumer durables, and attempts to formulate an alternative statement of pricing...

Purpose – This paper seeks to present the key actors in Germany in the field of public forecasting and futures studies. Design/methodology/approach – Taking into account the highly decentralized nature of German institutions, and the reforms carried out since the reunification, it analyses...

Purpose – The purpose of this paper is to present a survey by GLOBESCAN for Ethical Markets Media, LLC which was released at the “Beyond GDP” Conference in the European Parliament, 19‐20 November. Design/methodology/approach – The methodology is survey based. Findings –...

Purpose – The objective of this paper is to make a case for a scenaric stance that holds high road and low road futures in mind at once. Opening with regrets about the total eclipse of Utopian thinking, the paper aims to move on to embrace both aspirational futures and a forthright recognition...

Purpose This paper aims to analyze forecasting problems from the perspective of information extraction. Circumstances are studied under which the forecast of an economic variable from one domain (country, industry, market segment) should rely on information regarding the same type of variable...

Purpose This paper aims to explore FinTech and its dynamic transitions in the banking industry. In particular, the study analyses the systemic innovation nature of FinTech-based innovations. The main contribution of this research study is the development of systemic innovation model which can be...