Economic Indicator Forecast for Housing Industry
Not what you're looking for?
Please help me with ideas for the following:
Using the two economic indicators selected for your Housing Industry Overview Paper assignment, prepare a 300-350-word paper in which you:
1.compare and contrast at least two different 18-month forecasts for each of the two economic indicators.
2. Include in your paper a reconciliation of the differences between the forecasts for each economic indicator
3. a rationalization for which forecasts you believe are most accurate. 4. Defend your opinion in your paper.
Here are the two economic indicators:
1. Unemployment rate
2. Housing starts
I have the forecast for both the unemployment rate and housing starts but I am lost at how to use it to answer the following questions for my 200-250 word paper. Please help! See attachment for forecast data.
1.compare and contrast at least two different 18-month forecasts for each of the two economic indicators.
2. Include in your paper a reconciliation of the differences between the forecasts for each economic indicator
3. a rationalization for which forecasts you believe are most accurate. 4. Defend your opinion in your paper.
Purchase this Solution
Solution Preview
The data you have attached aren't forecasts; they are just the actual data collected over time. As 2007 is almost over, a forecast would need to include at least part of 2008. Note also that you need two different forecasts so you can compare them.
I have found forecast.org to be a good source of short-term forecasts (you have to pay for longer term ones). Their housing starts forecast is at http://www.forecasts.org/house.htm. It predicts a slight increase in Feb and them a return to the current low rate of about 1,118 by April. In order to decide if this forecast is accurate, you would need to find out the reasons for the prediction.
To help figure this out, look another forecast that might include information on what data they relied upon. Three different forecasts are discussed in the article "Modest Housing Recovery to Begin in 2008" at http://www.investopedia.com/university/releases/housingstarts.asp. Look for the ...
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.