Go to the St. Louis Federal Reserve FRED database, and find data on recession dating (USREC), consumer

Question:

Go to the St. Louis Federal Reserve FRED database, and find data on recession dating (USREC), consumer sentiment (UMCSENT), industrial production (INDPRO), and real retail and food service sales (RRSFS).

a) Using the recession dating series (USREC), when did the most recent recession begin and end?

b) Using the consumer sentiment index (UMCSENT), calculate the average of the index during the recessionary period, and also the average of the index from the month after the end of the recession to the most recent data available. Is consumer sentiment procyclical, countercyclical, or acyclical?

c) For industrial production (INDPRO), calculate the percentage change in the index during the recessionary period, and also the percentage change in the index from the month after the end of the recession to the most recent data available. Is industrial production procyclical, countercyclical, or acyclical?

d) For real retail and food sales (RRSFS), calculate the percentage change for the data during the recessionary period, and also the percentage change for the data from the month after the end of the recession to the most recent data available.

Is real retail and food sales procyclical, countercyclical, or acyclical?

e) Classify (UMCSENT), (INDPRO), and (RRSFS) as leading, coincident, or lagging variables based on the entire data series.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (1 review)

Answered By

Asim farooq

I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

4.40+ 65+ Reviews 86+ Question Solved

Related Book For book-img-for-question