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The Forecasting Problem
13 Checking the Adequacy of Forecasts
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actual adjustment aggregate analysis anticipated assumed assumptions automobile average basis billion budget Bureau business cycle capital Census cent chapter Chart companies consumption Current Business decline demand Department of Commerce dependent developed disposable income dollars Dow theory economic effect employed employment estimates expansion expected explanatory variables factors farm Federal Reserve Federal Reserve System figures fore funds future general-business gross national product growth households important increase indicated industrial production industrial production index influence interest rates inventory investment labor force less logistic curve long-term major manufacturing measures ment method movement obtained occur output past payments percentage period personal consumption expenditures plans plant and equipment population price changes profits projected ratio reasons recent relation relationship relatively reported represent rise sales forecast secular trend shift shown Statistics steel substantial sumer Survey of Current Table tion total industry turning points types variables Wholesale Price Index