Eco 372 Week 2 Reflection Paper
Reflection-Economic Forecasting
ECO/372
June 3, 2013
Historical and forecast economic data can be obtained from various locations. The Internet grants access to several sites that provide tools for the individual to collect the data. One must choose which site provides the required information needed to support the facts. In the following paragraphs, team B has supplied various resources where historical and forecast economic data can be obtained and a summary explaining what each site has to offer. The team will also explain what areas of week two’s readings they were comfortable with, struggled with, and how it pertains to their chosen field.
Team B used the Internet to locate the following sites has a sources to obtain information concerning historical and forecast economic data; U.S. Department of Treasury, the Financial Forecast Center, The U.S. Bureau of Economic Analysis (BEA), Bloomberg, and The …show more content…
Department of Treasury website uses quantitative forecasting by providing a chart for the United States economy. The chart includes a graph of the economy, crisis response, and fiscal policy results. This provides useful information to gain insight into how the economy is functioning and what changes need to be made. The Financial Forecast Center provides forecasts using charts and graphs that show the quantitative factors of money rates, stock indexes, U.S. general economy and currency exchange rates. The BEA gives information about historical and forecasting economic data in relation the associated links on the site; National, International, regions, and industries. By having the data available to the public and businesses to see if the economy is changing for the better or worse allows time to take corrective action to prevent recessions or inflations that can affect the economy. It also has an interactive site that allows individuals to select information that pertains to his or her field of
ECO/372
June 3, 2013
Historical and forecast economic data can be obtained from various locations. The Internet grants access to several sites that provide tools for the individual to collect the data. One must choose which site provides the required information needed to support the facts. In the following paragraphs, team B has supplied various resources where historical and forecast economic data can be obtained and a summary explaining what each site has to offer. The team will also explain what areas of week two’s readings they were comfortable with, struggled with, and how it pertains to their chosen field.
Team B used the Internet to locate the following sites has a sources to obtain information concerning historical and forecast economic data; U.S. Department of Treasury, the Financial Forecast Center, The U.S. Bureau of Economic Analysis (BEA), Bloomberg, and The …show more content…
Department of Treasury website uses quantitative forecasting by providing a chart for the United States economy. The chart includes a graph of the economy, crisis response, and fiscal policy results. This provides useful information to gain insight into how the economy is functioning and what changes need to be made. The Financial Forecast Center provides forecasts using charts and graphs that show the quantitative factors of money rates, stock indexes, U.S. general economy and currency exchange rates. The BEA gives information about historical and forecasting economic data in relation the associated links on the site; National, International, regions, and industries. By having the data available to the public and businesses to see if the economy is changing for the better or worse allows time to take corrective action to prevent recessions or inflations that can affect the economy. It also has an interactive site that allows individuals to select information that pertains to his or her field of