Application of New short- and Medium-term Forecasting models Sample Clauses

Application of New short- and Medium-term Forecasting models. Upgrading of the capacity of the Borrower’s Ministry of Economy and Issues of European Integration to make reliable short and medium-term economic forecasts, encompassing the development of: (i) a forecasting methodology for the main macroeconomic indicators with the use of newly developed short- and medium-term forecasting models which take into account specific behavior of economic variables in transitional period, capabilities of the Ukrainian statistics system to ensure timeliness, consistency, accessibility and quality of statistical data; and (ii) methodology and practical implementation of forecasting models on the basis of quarterly national accounts and seasonally adjusted data. Part E: Introduction of Modern Information and Communication Technology Upgrading of information and communications technology on the basis of the implementation of a single, coherent and up-to-date ICT Strategy, including specifically the upgrading of: desktop hardware and software, the internal computer network, the database management and data processing systems, the security, archiving and confidentiality protection systems, and the data dissemination and exchange systems, as follows: