What are economic indicators?
ASU economics expert explains how policymakers use statistics and economic indicators to forecast trends amid uncertainty.
In this story published Mar. 11, 2025, on The Motley Fool:
Policymakers use various economic indicators to assess the likely direction of the economy. Since nothing is known with absolute certainty, any predictions carry a probabilistic component. Statistics and econometrics are powerful tools that are frequently employed for forecasting.
– Domenico Ferraro, associate professor of economics
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