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Scatter diagram of aluminum demand for construction use and
Scatter diagram of aluminum demand for dissipative use and gross
1000 GNP BILLION a-bX aluminum demand ALUMINUM DEMAND—APPLIANCES ALUMINUM DEMAND—TRANSPORTATION THOUSAND appliances and equipment best linear unbiased Board industrial production Bureau of Mines construction activity data period demand for abrasives demand for appliances demand for chemicals demand for construction demand for dissipative demand for electrical demand for machinery demand for refractories demand for transportation demand projection system DEMAND—APPLIANCES AND EQUIPMENT DEMAND—TRANSPORTATION THOUSAND SHORT diagram of aluminum EQUIPMENT THOUSAND SHORT estimated equation explanatory variables fabricated metal Federal Reserve Board FIGURE forecasting FRB index FRB index—Total production FRB industrial production FRBI-TOTAL PRODUCTION 1967 GNP BILLION 1972 gross national product gross private domestic index for total industrial production indexes least-squares major electrical equipment maximum likelihood mill products national product GNP parameters private domestic investment production indexes 1967=100 PROJECTIONS 1985 R-SQUARED Reserve Board industrial residuals Scatter diagram statistical demand projection steel and mill t=l t=l t=l THOUSAND SHORT TONS total production U.S. new construction