Nowadays, due to the development of the IT and massive access to data sources, quantitative analysis has become a basic tool in the sociological and economic research. Traditional qualitative analysis has been significantly enriched by the application of statistical methods that allow the processing of these data and facilitates the formulation and validation of hypotheses in the field of social sciences.
However, these statistical methods have to be applied in such a way that they allow, not only to describe the social events that have already taken place, but also to anticipate what will be the future evolution of the analyzed data and how this evolution can be affected by the implementation of a particular policy. In addition, forecasting, as in any decision-making process, plays a crucial role in the implementation and evaluation of any socio-economic policy. It is therefore important that these predictions are not only based on a qualitative analysis. Instead they should be also supported by quantitative methods based on techniques of forecasting and econometric.
Therefore, it is crucial in this context not only for the social researcher but also the legislator to become familiar with quantitative methods that are based on the forecasting techniques in order to be able to know in greater depth the evolution of the various socio-economic aspects and also to be able to quantify and assess what are the consequences of the policies that are implemented.
This course is intended to address the problem of socio-economic forecasting, the study of the main methodologies for prediction and the analysis of the correct use of the predictions in decision-making.