Application of technical analysis in management decision-making in higher education institutions

Abstract

University management should be organized in such a way that it may provide the labor market with specialists needed today. In order to solve the problem, a hypothesis on the possible use of such method of technical analysis as the moving average method is being applied for forecasting in the financial market. The market analysis makes it possible to identify specialties that are currently in greatest demand. At the same time, universities do not immediately respond to the needs of the labor market. An average university training is four years; therefore, university graduates of the highly demanded specialties will similarly appear four years late. The moving average method to predict future labor market demands for specialties enables universities to train the necessary specialists for the market without delay. The results of the market analysis are the basis for the development by the university administration of strategic and tactical solutions necessary for the development. At the same time, special attention should be paid to ensuring the quality of specialists’ training, which corresponds to the demand of the labor market.