OPPapers.com Essay Index >> Business >> Macroeconomic Forecast
We have many free term papers and essays on Macroeconomic Forecast. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Macroeconomic Forecast. Macroeconomic Forecast Outline Macroeconomics
is, “the part of economics concerned with the economy as ...
Macroeconomic Forecast - Motorola. Macroeconomic Forecast Melvin Woodhouse
Economics for Managerial Decision Making – ECO533 Mike ...
Macroeconomic Forecast Paper. Macroeconomic Forecast Paper The Ford Motor
Company November 16, 2004 Economic indicators and forecasts ...
Pfizer Macroeconomic Forecast. Macroeconomic Forecast Pfizer, Inc. March 14, 2005
Abstract This paper is a Macroeconomic Forecast Outline of Pfizer, Inc. ...
Macroeconomic Forecast. Macroeconomic Forecast Macroeconomic forecasting
combines investigating and applying economic reasoning to ...
Submitted by ibrahcis on December 3, 2007
Category: Business
Words: 2541 | Pages: 11
Views: 247
Popularity Rank: 40,951
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Macroeconomic Forecast
Macroeconomic forecasting combines investigating and applying economic reasoning to the known, the unknown, and the unknowable. Forecasting has flaws because the future is by no means completely predictable, but economic indicators can help prepare for changes in the business cycle. These leading, lagging, and coincident indicators help foresee the business cycle so that the Federal Reserve (Fed) and government officials, as well as the business community, can anticipate and adjust to possible downturns in the U.S. economy. The business cycle is divided into the following phases: expansion or recovery, peak, contraction or recession, and trough. The indicators point to certain times in the business cycle. The leading indicators anticipate the direction in which the economy is headed. Coincident indicators offer information about the current condition of the economy. Lagging indicators occur months after a recession or expansion and help predict how long that particular phase will last (Fed 101, 2005). To assess the future of the economy and its impact on MPG construction, Team B weighed the forecasts of the Federal Reserve, the Congressional Budget Office, and the National Association of Realtors on GDP, inflation, unemployment, interest rates, and foreign exchange rates against hard currencies.
Recognized Forecasters
With the assistance of 500 economists and volumes of economic data (Nash & Duvall, 2005), the Fed is the forecasting group with the best opportunity to accurately predict the U.S. economy. The Fed predicted that the gross domestic product (GDP) for 2003 to 2004 would experience a growth between 4 and 4.4%. The Fed accurately predicted that indicator for those years. Statistical and historical data of the Fed’s forecasts can be retrieved from http://www.federalreseve.gov.
The Fed uses a large-scale quarterly econometric model called the FRB/US based in part on the MPS (MIT-Penn-SSRC) model, the...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!