Evolutionary forecasting of global industries development (the case of construction and earthmoving equipment’s industry)

This article is based on results of consulting project fulfilled in 2010 for Russian company producing construction and earthmoving equipment and operating both on national and international markets. The purpose of that project was a forecast of perspectives for economic growth in the global construction machinery industry. Regression models were not well suited for this purpose due to some reasons and so fuzzy logic analysis was applied. Nowadays, comparing forecast made with real economic dynamics we can conclude that evolutionary forecasting based on fuzzy logic analysis is quite accurate analytical tool.