1. Anticipatory surveys:
a. Expet Opinion Delphi Technique:
b. Cross-Impact Analysis:
Analysis of high importance and high probability
c. Multiple scenario: building of pictures of alternative futures.
2.Trend Analysis method: based on time series
a. Trend Extrapolation: analyze and fit time series data( Linear quadratic or s shaped growth curves)
b. Trend correlation: It also know as barometric or indicator approach.
Leading Indicators: To know the economic direction in advance eg., rainfall
Coincidental Indicators: Economic factors reaching approximately at the same time as the economy
eg., GNP, Interest rates
Lagging Indicators: Economic factors reaching their peaks or troughs after the economy has already reached its own.
eg., Unemployment and inventory debtors.
3. Diffusion Indexes : It is an indicator of spread of an expansion.
a. Composite or consensus Index: It combines several indictors into one single measure .
Eg: Diffusion Index:
No of members in the set in the same direction / Total no of members in the set
b. Component Evaluation Index: It measures the breadth of the movement within a particular series.
4. Monetary Indicators: Deals with money supply, corporate profits, interest rates and stock prices sprinkle observed.
5. Econometric Model: It explains past economic activity by deriving mathematical equation. Eg., Disposable Income Inventories.
6. Opportunistic model:
a. Hypothesis of total demand: Deals with environmental decisions as war or peace
b. Test of consistency and comparison: Measure the internal consistency and comparing with other projections.