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Essay / Research Paper Abstract
This 3 page paper, written in October 2005, looks at two forecasts covering a 6 – 18 month period for the consumer prices index and gross domestic product for the US and considers their similarities and differences. The bibliography cites 3 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEGDPCPIUS.rtf
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Unformatted sample text from the term paper:
Consumer Prices Index (CPI). For this reasons forecasts will be made, but these are not always accurate, if we look at two different forecasts we can see that there may
be similarities but there may also be differences. If we look at forecasts.org their is a breakdown given for the next 6 months of the level the GDP is
expected to reach, the figure for September 2005 is 12,446 and increases to 12,512 in October, 12,512 in November, 12,512 sees it expected to remain constant in December, in increasing
to 12,568 by January 2006 and remaining steady in February 2006. The level of accuracy for each month is expected to be different as the standard deviations vary, and increase
over time, for September it is 186.7, in October it is 250.2, Novembers standard deviation is 312.8 and Decembers is 375.4 increasing in January 2006 to 439.89 and by the
time we get to February 2006 it is at 502.7 (forecasts.org, 2005). This shows a steady growth that does have some months where there are increases and some months were
it is stable, but no negative growth. If we want to assess the level of growth this predicts for the full year, which is the way this is usually predicted,
then we take the January figure of 12198.8 and the January figures for 2006 and we can see that this is a 3.03% increase for the 12 months ending in
January 2006. There are also other predictions, Merrill Lynch and Co have also made 6 month predictions, however like any forecasts they are subject to change, which is what
occurring in August 2005 when Merrill Lynch saw the way oil process were behaving, There forecast had been n line with that of Forecasts.org, originally at 3.3% for the year,
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