Research

Read or listen: A report on real estate market conditions in Phoenix shows that foreclosures represented 43 percent of total transactions in February.

"Arizona is stuck in a vicious cycle right now," says Lee McPheters, research professor at the W. P. Carey School of Business and director of the JPMorgan Chase Economic Outlook Center. "Homes come onto the market from foreclosure and that weakens prices.

Which prospects are most likely to buy what you're selling? Who are your good credit risks? What will your customers buy next? Chances are, your company uses predictive models to answer these and other questions, or soon will.

"Polymath" is the Greek word for Renaissance man — one who excels at many things. But if, centuries ago, society needed a Da Vinci or a Franklin, the grand challenges of today call for teams of experts.

Tod C.

Each month at the Economic Club of Phoenix luncheon, a W. P. Carey School of Business expert analyzes economic conditions in Arizona and in the nation. On February 17, Dean Robert Mittelstaedt reminded his audience that this recovery is different.

The International Monetary Fund (IMF) recently released an update of its World Economic Outlook. The current forecast by the IMF for the U.S. economy calls for real output (Gross Domestic Product or GDP) to increase by 3.0 percent in 2011 and then slip back to 2.7 percent growth in 2012.

According to the preliminary estimate from the BEA, the overall U.S. economy grew by 2.9 percent in year 2010 compared to the previous year. The 2.9 percent gains for 2010 were the strongest in the past four years.

Which prospects are most likely to buy what you're selling? Who are your good credit risks? What will your customers buy next? Chances are, your company uses predictive models to answer these and other questions, or soon will.

Why do some companies and organizations perform at a high level year after year, through constantly shifting market conditions, while others are unable to adapt?