Relevance Of Data Accuracy For Research And Forecasts In Financial And Fiscal Management Process

The work paper Relevance of data accuracy for research and forecasts in financial and fiscal management process it aims to show how important data is when conducting economic research, especially that which refers to public macroeconomic indicators. Data lead us to take financial decision. However, if the data is not accurate, the financial decision taken based on this can drive the business in an appropriate direction, not the one we considered to be. The research will present how, sometimes the data presented as official one is not reflecting the reality, and sometimes the way that the data are presented have a different mining as in the reality. Nowadays, researchers relied in their analyses more and more on the information provided by official web sites. What the author faced in other research paper was that for the same indicators the data can be different, and, in other times, even if the data are the same, in the reality figures are dissimilar. As a conclusion of this paper, we can emphasize the need for existence of a unique, official public data base, at least at regional level, to be beneficial for business, policy decision makers, academics, teachers and students which are involved in the scientific research process.