Economic and Business Forecasting

Preface xiii

Acknowledgments xvii

Chapter 1 Creating Harmony Out of Noisy Data 1

Effective Decision Making: Characterize the Data 2

Chapter 2 First, Understand the Data 27

Growth: How Is the Economy Doing Overall? 30

Personal Consumption 31

Gross Private Domestic Investment 33

Government Purchases 35

Net Exports of Goo...