Purchase Solution

The Importance of Indices (Market Research)

Not what you're looking for?

Ask Custom Question

Go to the BLS site (http://www.bls.gov/bls/proghome.htm).
Select the tab for Geography under "More"by Census Region, State and Metro area. Now look at the Economy at a Glance for your city (the direct link is http://www.bls.gov/eag/).

Please look at the city of El Paso, TX
1. Identify trends you see for one of the data series elements.
2. What value can this site provide to you as an individual? Explain.
3. What value could this be to a business? Explain.

Purchase this Solution
Solution Summary

Using El Paso, Texas, the importance of, and how to use, economic data is explained.

Solution Preview

https://www.bls.gov/regions/southwest/summary/blssummary_elpaso.pdf

https://www.elpasotexas.gov/~/media/files/coep/city%20manager/cafr2015.ashx

Please look at the city of El Paso, TX
1. Identify trends you see for one of the data series elements.

The data set element that would be most notable for businesses is management occupations, which are in reasonable demand within the city of El Paso. The city has a best-in-class certification, and the city is recognized a globally business friendly city that boasts the highest bilingual rate in the Western hemisphere. The globally competitive city also boasts one of the largest manufacturing centers in the country, which makes it very appealing to businesses and has a large pool of qualified managers that are bilingual and bi-cultural, which in the globalized economy is ...

Solution provided by:
Stephen Washington, MS
Education
  • BS, Sam Houston State University, 1903 University Avenue, Huntsville, Tx 77340
  • MS, Prairie View A&M University
Recent Feedback
  • "awesome"
  • "awesome"
  • "Awesome appreciate the assistance."
  • "Thanks awesome. more to follow"
  • "awesome, Thanks for the assistance"
Purchase this Solution
Free BrainMass Quizzes
Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Marketing

    //Above we have discussed about the economic indices and their importance while evaluating the external environment.

  • Economic Indices used to Forecast Sales in the Power Tools Industry

    Research the key general economic indices affecting the power tool market and list any available projections. If significant differences exist between the various forecast services, highlight them.

  • Calculate performance for Apple, Juniper, Time warner

    Describe the importance of these measures and interpret how your portfolio performed versus the market index. c. Based on these indices discuss how you would revise your portfolio. d.

  • Geometric and aritmetic index disparities

    As of the close of the market January 4, 2008, the VLA was at 2,118.61 and the VLG was at 414.98. Why would you expect to see such a disparity in the two index levels?

  • Demographics and Generalizability

    These effects persist as we introduce country-specific measures of group cohesion and of the importance of public goods, and combine them with the distributional measures exactly as described by the theory."

  • Describing the Scientific Method of Research

    Impact of economic crisis in Greece on Share Market indices (Key Component: Your solution to the problem) 3. Identify potential variables as arguments for the Hypothesis eg.

  • Stock index

    There exist three major stock indices that are widely used in the US stock market such as Dow Jones Industrial Average (DJIA), S&P 500 and NASDAQ. Dow Jones Industrial Average (DJIA): DJIA is one of the oldest US stock market indices.

  • What is an index

    Common examples of indices include: Stock Indices (average of stock prices that allows users and businesses to track how the market is performing) Dow Jones (an average of 30 stock prices), S&P 500 (an average of 500 stocks) Quantity Indices (

  • PEPT (Portable Electric Power Tools) Industry and Able Corp

    * Research the key general economic indices affecting the power tool market and list any available projections. If significant differences exist between the various forecast services, highlight them.

  • Price weight; market efficiency; performance of stocks

    Market mostly shows the semi-strong form of market efficiency with some anomalies, whereas the strong form of market efficiency is poorly followed by market.

View More Related Solutions