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Econ 372 Week 2 Reflection

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Running Head: ECONOMIC FORECASTING PAPER

Team B Weekly Reflection - Economic Forecasting Paper
Chelsea Heyd, Andrea Zugelder, Roberto Foster, Pam Pudans, Kelly Day
August, 26th 2014
ECO/372
BARNHILL

Team B Weekly Reflection - Economic Forecasting Paper
The following includes a list of resources that could be used to gather historical economic data as well as economic forecast data. The resources included are general enough to be applicable to a broad range of potential research project types. However, the data that is accessible in any of the following resources is specific enough to not only represent correctly quantifiable theories with facts, but also to display facts relevant to a variety of potential historical economic research as well as economic forecasting. Chicago Fed National Activity Index (CFNAI)
Monthly, this resource measures overall economic activity and inflation based on production and income. Also, employment, unemployment, and hours worked is tracked and displayed using this web resource. Several other unique, key data that can be found her includes personal consumption and housing; and sales, orders, and inventories. The data shown in this resource is valuable for predicting inflation, as well as gauging current and future economic activity in the US on a Macroeconomic level.
FDIC State Profiles
These state profiles have recently been updated as a quarterly data sheet that summarizes the banking and economic conditions of each of the 50 states. For example, in Missouri’s most recent report, data listed includes, employment growth rates, banking trends (number of institutions, total assets, asset liquidity), Profile of the major large deposit markets in the state, such as: St. Louis, Kansas City, Fayetteville, Springfield, and Jefferson City. This is valuable not only in gather economic data in one individual state...

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