Question 1: What is the purpose of economic indicators?
Question 2: What are considered leading economic indicators?
Question 3: What is the purpose of developing economic forecasts?
Question 4: What factors affect economic forecasts?
Question 5: Should economic forecasts be dynamic or static? Explain.
Question 6: Should economic analysts be obligated to present the assumptions underlying their economic forecasts?
Question 7: Address the concept of perfect information (and the implications associated with the lack thereof).
Question 8: How does uncertainty impact the accuracy of financial forecasts?
Question 9: How does the government use economic forecasts to change fiscal policy?
Question 10: How are economic forecasts used in the organizational decision making process?
Question 11: How can the direction of an economic forecast affect the future behavior of an organization?