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.Why does a business cycle diagram serve as a forecasting model? 2.Name TWO coincident indicators used in forecasting.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 6SCQ: According to Table 19.7, how long has the average recession lasted since the end of World War II?

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Question

1.Why does a business cycle diagram serve as a forecasting model?

2.Name TWO coincident indicators used in forecasting.

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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