Preview

Economic Forecasting Paper

Satisfactory Essays
Open Document
Open Document
366 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economic Forecasting Paper
Economic Forecasting Paper
Team B
04/28/2015
ECO/372
Mark Freeman

Economic Forecasting Paper Utilizing valuable resources in Economic is essential and also identified as a key component for concluding results. Some the resources gathered are considered either quantitative forecasting factors or qualitative forecasting factors. These resources provide Economists with the data which supports the main theoretic objective and/or the arguing statement. Also the data gathered can inhabit the ability to analyze the historic data pattern to predict the future or unforeseen data pattern.
The Resources The Emory University (2009) website, there are numerous of valuable resources which are utilized by the Economists, currently can be found by any source such as reading materials, on the internet, by observation, and many more other sources. Some of the useful resources which are utilized; the Bureau of Economic Analysis (B.E.A), Bureau of Labor Statistics (B.L.S), Angus Maddison On-Line, DataStream, and population survey. BEA is useful for information of economics topics such as; GDP, income, economic international trade, and local to national employment data. BLS provides report of local to national employment data and even through this resource is valuable some of the data lacks in update. Angus Maddison On-line, an Economic instructor, created a novel covering the history of GDP/capita and the globally population data throughout the countries. According to Emory University (2009), “DataStream provides a vast array of corporate, government, and intergovernmental data. Access is available through the public workstations in the Electronic Data Center and the Goizueta Business Library only.”(para 9) And population survey can assist with supporting evidence and/or converted into data for the research.
Conclusion
As said previously the valuable resources are essential for Economist to collect the data which is required to conclude a study. BEA, BLS, Angus



References: Emory University . (2009). Electronic Data Center . Retrieved from http://einstein.library.emory.edu/econlinks.html

You May Also Find These Documents Helpful

  • Good Essays

    Hanke, J. E., and Wichern, D. W., (2009) Business Forecasting – Ninth Edition, Pearson Education Ltd, ` Hitt, M. A., Freeman, R. E., and Harrison, J. S. (eds), (2005) The Blackwell Handbook of Strategic Management, Blackwell Publishing, Oxford. Makridakis, S., Wheelwright, S. C., and Hyndman, R. J., (1998) Forecasting: Methods and Applications – Third Edition, John Wiley and Sons Inc, New York. Makridakis, S., Wheelwright, S. C., and McGee, V. E., (1983) Forecasting, Methods and Applications – Second Edition, John Wiley and Sons Inc, New York. Morris, C., (2003) Quantitative Approaches in Business Studies – Seventh Edition, Pearson Education, Harlow. Oakshott, L., (2001) Essential Quantitative Methods for Business Management and Finance – Second Edition, Palgrave, New York. Also Used: Confidential Authors, (2009) Internal Commissioning Support for London Briefing Paper on Data Quality in London Provider Trusts, Not Published. Confidential Emails from Provider Trusts to Head of Service Management and Operations at CSL.…

    • 14494 Words
    • 58 Pages
    Good Essays
  • Satisfactory Essays

    Math 540 Quiz B

    • 927 Words
    • 4 Pages

    include independent variables like, demand conditions and the current economy state that help in forecasting…

    • 927 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Jack O Hara Unit 4 P1

    • 390 Words
    • 2 Pages

    Government sources are supplied by the ONS (Office of National Statistics), the DTI (department of trade and industry) and OECD (organisation for Economic Development) examples of the government’s publications is Monthly Digest of statistics or Regional trends.…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Future Growth Paper

    • 3449 Words
    • 15 Pages

    The undersigned reader acknowledges that the information provided by Organic Mystique in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of MGT/401 Team C.…

    • 3449 Words
    • 15 Pages
    Best Essays
  • Powerful Essays

    Economic indicators and forecasts are an integral part of any corporation 's everyday business. They help management implement present and future endeavors. This information can be used to make adjustments to improve present situations or to determine plans for future plans.…

    • 1769 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Econ paper

    • 385 Words
    • 2 Pages

    Americans have always had a strong disapproval of taxes, especially when they are the ones getting taxed. This was precisely the case during the Whiskey Rebellion occurring from 1791-1794. Farmers outraged by a new excise tax on whiskey protested and refused to pay. However the goal of the taxes was to help pay off a $54,000,000 national debt acquired during the Revolutionary War (Historical Spotlight). “Whiskey was a popular drink at the time, so such a tax could raise a lot of revenue”(Paul Krugamn and Robin Wells). American citizens benefited from the Revolutionary War, so shouldn’t they have to pay for it? I strongly believe they should due to the benefits principle of economics. According to the benefits principle those who benefit from the spending should have to pay the tax. Since whiskey was so popular and almost everyone on America used it, it was the perfect item to tax. With nearly everyone consuming or producing whiskey the whiskey tax produced maximum government revenue while simultaneously spreading out the burden of the tax.…

    • 385 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    kickstarter

    • 624 Words
    • 3 Pages

    This should be very detailed as it is your guide on how the study will be done as well as the data analysis. It should provide relevant information on:-…

    • 624 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Economic Paper

    • 727 Words
    • 3 Pages

    Health care organization dealing with financial management has a duty to involve finance reporting practices with ethical standards to reflect the health care environment. Those consisting of policy makers, physicians, patients even just the society can be affected within the standards directly in the health care field. There are elements of financial management which is crucial to the health care organization. One element is Generally Accepted Accounting Principles (GAAP), which is a set of accounting principles, standards and procedures that companies may use to incorporate their financial statements. The GAAP are said to advise companies in order for the investors can keep a certain level of consistency within the financial statements used when analyzing a company for an investment purpose. GAAP must involve things such as a balance sheet, the recognition of revenue as well as share measurements. All companies are to use generally accepted accounting principles rules when reporting financial information. There are four elements of financial management, which consist of planning, controlling, organization and directing, and decision making. All four elements have their own distinctive role where financial manager must use to ensure success of the company.…

    • 727 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Economic Forecasting

    • 323 Words
    • 2 Pages

    An excellent resource for qualitative and quantitative information is locatable on the International Monetary Funds website that has data as far back as 1999. The IMF stores historical data and also forecasts into the future.…

    • 323 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Internet field trip

    • 292 Words
    • 2 Pages

    Research: Research at least six (6) information sources on forecasting methods; take notes and record and interpret significant facts, meaningful graphics, accurate sounds and evaluated alternative points of view.…

    • 292 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Historical and forecast economic data can be obtained from various locations. The Internet grants access to several sites that provide tools for the individual to collect the data. One must choose which site provides the required information needed to support the facts. In the following paragraphs, team B has supplied various resources where historical and forecast economic data can be obtained and a summary explaining what each site has to offer. The team will also explain what areas of week two’s readings they were comfortable with, struggled with, and how it pertains to their chosen field.…

    • 709 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The most important resource that we felt that would be used to gather historical economic data as well as economic forecast data would be surveys of various consumers finances. The consumer finance survey would be used to calculate all income of each individual family. These surveys of consumer finances for each individual family in the United States would be considered a qualitative type of research, but at times can also be a quantitative research as well. During these surveys we notices that the qualitative aspect of them can determine their results with the help of other research and studies, whereas the quantitative aspects of the survey’s results are made up of all the numerical numbers from each question.…

    • 333 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    popare poaching employees from other companies to overcome skills shortages, but that is hardly a long-term solution. Increasingly, Chinese companies are adopting the types of HR strategies familiar to US organizations, as well as beginning to tie pay to performance and to reward top producers in critical positions. Meanwhile, as more firms increase their presence in India, the annual output of qualify graduates and engineers is falling further below demand. India is experiencing a demographically driven youth movement, a fast-growing consumer middle class and an increasing pool of educated workers. Effective compensation programs must be flexible and robust and can include a strong variable pay components, enhanced cash-in-hand, and lifestyle benefitsChina…

    • 528 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    S(REG_AR) Model

    • 3283 Words
    • 14 Pages

    Makridakis, S., S.C. Wheelwright, and V. E. McGee. "Forecasting Methods and Applications". New York: John Wiley & Sons, , 1983.…

    • 3283 Words
    • 14 Pages
    Best Essays
  • Good Essays

    Research Methodologies

    • 525 Words
    • 3 Pages

    As my research is has a mixture of quantitative and qualitative data thus the need of gathering appropriate data from reliable sources becomes indispensable. I will make intensive use of Coventry University’s Library resources including the ESDS, EMERALD and SAGE. Moreover macro international data providers such as International Monetary Fund (IMF), World bank, Organisation for Economic Cooperation and Development (OECD European Union, Bank Eurostat World, National Statistics International, United Nations (UN) World.…

    • 525 Words
    • 3 Pages
    Good Essays