Title: Regional Indexes of Leading Indicators: An Evaluation Of Forecasting Performance
Abstract: ABSTRACT Indexes of leading indicators are used to forecast short‐run changes in economic activity in many states and metropolitan areas. This article examines the forecasting performance of a sample of such regional indexes over several business cycles. Although these indexes vary across regions, the results show that they do provide forecasts of recessions and recoveries and also exhibit some potential for forecasting quantitative changes in regional employment.
Publication Year: 1987
Publication Date: 1987-07-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 4
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