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This article considers the set of methods of forecasting the socio-economic development of the region. The article also outlines two approaches of forecasting: research and targeted, and also discerns the link between these approaches in the models building of the regional development. The problems affecting the quality of forecasting are identified here as well. The article likewise presents the comparative characteristics of methodological approaches depending on their particular aspects of application to the concept of forecasting, theoretical framework, forecasting horizon and possibilities of combining them with other forecasts. Keyword— targeted approach, research approach, methodology, forecasting, socio-economic development.

Methodical Problems of Classification of Regions on the Level of Social and Economic Development