Overview
The Business Cycle and Economic Measures
Spending
Consumption:
Investment:
Employment :
Okuns Law
{% \frac{\bar{Y} - Y}{\bar{Y}} = c(u=\bar{u}) %}
Forecasting
Time Series Analysis : the measurement of national product is an example of a standard time series analysis. As such, most of the tools and techniques of time series are directly applicable to forecasting national product and business cycles. Leading Indicators are a series of economic measurements that are thought to lead the business cycle. That is, certain indicators, such as the stock market momentum, are thought to turn prior to the business cycle turning, and therefore can be used to forecast the cycle.