What are economic indicators?
ASU economist explains how policymakers use statistics and economic indicators to forecast trends amid uncertainty.
In this story published March 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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