Wilkins Case

NOTES ON THE WILKINS CASE. ECONOMIC INDICATORS Economic indicators are statistics that are utilise to judge the way the delivery is performing. There are trinity types of stintingal indicators: procyclic, countercyclic and acyclic. Procyclic indicators move in the same direction as the rescue. Countercyclic indicators will move in the opposite direction to the economy: when the economy weakens, a countercyclic indicator will strengthen, and vice versa. open-chain indicators consider no indication on how the economy is performing. In addition, the timing of the stinting indicators toilette be leading, lagging or co-occurrent. Leading indicators will reflect a change in the econmy prior to the economic change. The stock market is an example of a procyclic leading economic indicator: the stock market a good deal weakens before an economic recession and strengthens before an economic boom. fall back indicators will reflect a change in the economy after the economic change. The bank prime rate is considered a procyclic lagging indicator: In addition, the timing of the economic indicators can be leading, lagging or coincidental. Leading indicators will reflect a change in the economy prior to the economic change.

The stock market is an example of a procyclic leading economic indicator: the stock market often weakens before an economic banks raise their prime rate when the economy is performing wholesome and reduce their prime rate when the economy is struggling. A coincidental indicator moves at the same time as the economy. original and nominal gross domestic product are procyclic coincidental economic indicators: the GDP rises and lowers at the same time as the economy. MEASUREMENTS OF FORECAST ACCURACY The mark of any forecasting system is to be as spotless as possible. One measure of accuracy is to minimize error, which includes deuce comp singlents: bias and magnitude. We suggest that managers use at least one measure of bias and one measure of magnitude on an ongoing basis to... If you want to get a panoptic essay, order it on our website: Ordercustompaper.com

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