Executive Forum: Economic Forecast
Andrew Duguay, Senior Economist with Prevedere will present an Economic Forecast for mid-size businesses in Northeast Ohio.
Each year, EDGE presents a different take on economic forecasting to give our members new tools and data for decision making in the coming months. This is especially important in times of increased volatility and rapid global change. While we have used top-ranked economists from manufacturing, banking, traditional economists and investment strategists, this is the first time we are presenting an economist that marries traditional economic indicators to the vast amounts of data sets (Big Data) available through countless sources: this is where predictive analytics meets The Beige Book. The senior economist for Prevedere, Andrew Duguay is also a computer scientist and business owner, and brings additional insights into emerging technologies that influence future economic conditions.
Prevedere is a predictive analytics company that provides business leaders real-time insights into their company’s future performance. Prior to his role at Prevedere, Andrew was a Senior Economist at ITR Economics. Andrew’s commentary and expertise have been featured in NPR, Reuters, and other publications. Andrew has an MBA from Plymouth State University and a degree in Economics from Gordon College. He has received a Certificate in Professional Forecasting from the Institute for Business Forecasting and Certificates in Economic Measurement, Applied Econometrics, and Time-Series Analysis and Forecasting from the National Association for Business Economics.
Forecasting affects not only the realms of finance and top-level strategy, but supply chain and purchasing decisions, hiring decisions, the timing of entering new markets and making acquisitions, reporting and the like. The great Prussian philosopher Immanuel Kant gets the credit for saying “Chance favors the prepared mind.” This could easily be translated to “the management team that knows the future will make the best decisions.”
We look forward to your participation and questions!