Research on a number of applicable forecasting techniques in economic analysis, supporting enterprises to decide management

Forecasting is an important tool, an indispensable part in the operation of businesses to help create a competitive advantage, thereby assisting corporate executives in proactively planning and necessary decisions for production, business, investment, promotion, production scale, product distribution channel, financial supply ... and preparation of sufficient facilities, Techniques for development in the future. In businesses, doing good forecasting will create conditions to improve competitiveness in the market. Thai Nguyen is one of the provinces in the Northern Midlands and Mountains region, with over 6000 businesses in operation. This is the locality which is assessed to have a fast growing market and many changes, accurate forecasting becomes more necessary for businesses to save costs and increase competitiveness. Forecasting will create important tools, support managers in setting up measures to adjust economic activities of their units in order to obtain the highest production and business efficiency, highly adapt to trend of integration and development.