Week Reflection

hebdomadary observance: Economic Forecasting ECO 372 July 18, 2012 Professor Kory Eden, Facilitator Weekly Reflection: Economic Forecasting Discussion Team C discussed the different topics that were discussed in class. exercise or un duty sparked our interest. We leaned that some economists return that it is bad for the economy for women to concur as much bills as men. We also discussed the exit in the hot seatial parties that whitethorn or may throw away not meliorate the unemployment score. While we all had our different views as to which presidential parties were the to the highest degree influential we researched historical scotch selective information to certify it. We were all uncomfortable with the economic attitude that economists arrogatet c argon about effects of gentleman behavior, however, we were sort out as to how the economy really works. soft or decimal The team first had to define the qualitative and quantitative historical economic info and economic forecast selective information. Qualitative forecasting factors are derived from research that is aimed to gather an in-depth understanding of human behavior and the debate behind it. Quantitative forecasting factors are derived from the systematic trial-and-error investigation of social sciences through statistical, mathematical, or computational techniques (Given, 2008).

Quantitative historical data is the method of preference for the team to leaven unemployment and the significance between the presidential parties from President Carter to President Obama. Resources The U.S. chest of Labor Statistics (BLS) is an excellent resource on historical data for ec! onomic forecasting. BLS produces data that is assembled from different surveys and programs conducted by BLS (BLS, 2012). Some of the data provided consists of the current popular survey, which is seasonally familiarized at a national level. It also contains the current employment statistics adjusted by state and nation seasonally as well. The site provides the unemployment rate past and...If you want to get a full essay, prepare it on our website: BestEssayCheap.com

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