As such, a clear understanding of how the are constructed and how they are used will be greatly beneficial. The interpretation of these indices are also important. This lesson should be devoted to the chapter exercises, the Self-Review exercises, and the examination at the end of the chapter. This lesson relates to Time Series Analysis. Time series analysis helps find the trend of the past to make projections about the future.
Forecasting is useful in businesses so that businesses can get ready for changing conditions.
It is also useful for other sectors of the economy. This is your last lesson before the final examination. If you have done everything you were supposed to up to now, this lesson and the next will be a piece of cake. This lesson is your final examination which covers everything you have studies in this course. However, about 75 percent of the final exam will cover the lessons 10-19.