The forecast of Romania’s imports using the double exponential smoothing method

Abstract:

The economic crisis affects all the sectors but some domains are more sensitive. The foreign trade activity is among the most affected domains of an economy. The paper analyze the evolution of Romania’s imports after 2001 highlighting the fact that 2008, the year when the economic crisis started, indicates a visible decrease of the growth of imports, as compared to the previous years. Taking into consideration this evolution we wants to make a forecast for the next years to see how will be the future trend. To forecast the future evolution of Romania’s imports we have used the double exponential smoothing method and we have performed their forecast for the next 5 years. The results highlighted the continuation of the attenuation process as regards the increase pace of imports, a process that may be even deeper against the general crisis background.