New forecasting model revolutionizes economic planning for developing oil economies.
The article presents a short-term forecasting model for the Congo's economy using social accounting matrix data. The model aims to help with planning by predicting economic trends in the near future. The researchers chose specific computer software to develop the model and linked it to a medium/long-term planning model. The medium-term model makes certain assumptions and has a defined structure to guide economic planning. The study highlights the importance of connecting short-term forecasts with medium/long-term planning for effective economic management.