The project proposes a timely development of Bayesian methods to support societal decision making via the mechanisms of the WWW: a true step towards e¬-democracy rather than the e¬-administration techniques that so far have lain at the heart of e-government initiatives.
While our overall objective is clearly too substantial for a single programme, our specific goals are more focused.
Monetary and price dynamics is very often described by systems of differential equations. These systems describe commodity market, money market and the equilibrium production sector usually from Keynesian, Walrasian and Classical point of view.
The main importance of monitoring technological or non-technological processes is to identify their sources which enables to predict the behaviour of the processes, to detect changes of the state, or to control the processes.