Paper Title
Navigating Economic Uncertainty: Predicting Recessions in the Tech Industry with Data Analysis
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Registration ID: IJNRD_216107
Published ID: IJNRD2403437
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Keywords
Economic forecasting, Tech industry, Recessions, Predictive modeling, Data analysis, Economic resilience, Digital economy, Technological innovation, Macroeconomic policy, Interdisciplinary research
Abstract
The world economy is by its very nature erratic, experiencing upswings and downturns frequently after periods of growth. Despite its reputation for durability and creativity, the tech sector is not impervious to the cyclical nature of economic swings. Predicting recessions is crucial for businesses and politicians to be able to proactively manage risks and allocate resources efficiently during difficult economic periods. In order to identify patterns, trends, and leading indicators of economic downturns, this survey research uses data analysis tools to examine the state-of-the-art in recession prediction within the tech sector. The first part of the abstract acknowledges that economic cycles are unpredictable and that recessions may have an effect on the technology industry. It highlights how crucial precise recession forecasting is to risk management and well-informed decision-making. The study paper's focus on using data analysis approaches to spot early warning signals of economic downturns, particularly in the IT sector, is highlighted in the abstract. The survey paper's main elements—the literature review, methodology, results and analysis, discussion, and conclusion—are then summarized in the abstract. It provides a brief overview of the methodology used to carry out the survey, highlighting the synthesis of previous studies and scholarly works on recession forecasting in the technology industry. The discussion section's critical analysis and interpretation are alluded to in the abstract, which summarizes the primary conclusions and insights from the reviewed literature. The abstract also highlights the survey paper's wider implications for corporations, politicians, and other digital industry stakeholders. It implies that in order to successfully navigate economic uncertainties and downturns, strategy planning, risk assessment, and policy formation efforts can be informed by the insights gathered from the survey.
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How To Cite (APA)
Divakar D & Dr. J. Jerald Inico (March-2024). Navigating Economic Uncertainty: Predicting Recessions in the Tech Industry with Data Analysis. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(3), e295-e298. https://ijnrd.org/papers/IJNRD2403437.pdf
Issue
Volume 9 Issue 3, March-2024
Pages : e295-e298
Other Publication Details
Paper Reg. ID: IJNRD_216107
Published Paper Id: IJNRD2403437
Research Area: Computer Science & TechnologyÂ
Author Type: Indian Author
Country: Chennai, Tamil Nadu, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2403437.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2403437
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