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Economic Forcasting

In: Business and Management

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Economic Forecasting Paper

Debra Johnson

Ellen Hertz Christine Sibert

ECO/ 372

March 4, 2014
Timothy Ringgold

Economic Forecasting Paper

List of resources a person might use to gather historical economic forecast data: Bureau of Economic Analysis—The BEA is a good source for U.S. economic data on topics such as GDP, income, and employment at national , state local levels. This resource also contains data on U.S. international economic transactions (trade and foreign direct investment). Bureau of Labor Statistics (BLS)—provides information pertaining to employment, wages, prices at various levels (national, state, local). FEDSTATS--FEDSTATS, good staring place for data on the U.S. and contains links to statistical resources produced by the federal government Foreign Labor Statistics—this site, which is hosted by the U.S. Bureau of Labor Statistics, allows for international comparisons of unemployment, compensation and other indicators. Federal Reserve System – is a good source for banking information, monetary policy, economic data, and other vital information. http://www.federalreserve.gov Federal Reserve Economic Data (FRED) – Open source of information on consumer price index, real gross domestic product, unemployment index, foreign exchange rate accompanied with graphs and historical data. http://www.research.stlouisfed.org Library of Economics and Liberty – this is a good source for economic research items such as, definitions, terms, articles, data. http://www.econlib.org

Economic forecasting is the process of attempting to predict the future condition of the economy. This process involves the use of strategical models utilizing variables called indicators. Some indicators include inflation and interest...

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