You are employed by the state bureau of economic development. There is a demand for a leading
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You are employed by the state bureau of economic development. There is a demand for a leading economic index to review past economic activity and to forecast future economic trends in the state. You decide that several key factors should be included in the index: number of new businesses started during the year, number of business failures, state income tax receipts, college enrollment, and the state sales tax receipts. Here are the data for 2000 and 2012.
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a. Decide on the weights to be applied to each item in the leading index.
b. Compute the leading economic indicator for 2012.
c. Interpret theindexes.
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The leading economic indicator is a leading indicator which measures the changes in econom...View the full answer
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Related Book For 
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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