Economic Forecasting Paper Rebecca Sloop University Of Phoenix Principles of Macroeconomics ECO/372 Alexander Heil PhD November 23, 2012 Economic Forecasting Paper Two historical economic data where information can be found are Bureau of Economic Analysis, U. S. Department of Commerce and FRED, Economic Time-Series Database. The FRED database comprises the national economic and financial statistics as well as interest rates, consumer price indexes, employment and population and trade data. This database is a valuable source because this consents populaces to see how the country’s financial state is at.
The Bureau of Economic Analysis includes estimates concerning national, international, and regional economic activity. It also provides statistics decision influenced by the government officials, business people, households and individuals. The quantitative of each site is that they included tax list information and census return evidence. The Bureau of Economic Analysis and FRED database qualitative used are they both expound on the findings that are encompassed in the database. The area that was not comfortable to me was about the measureable and qualitative.
I did not fully comprehend what the real variance is and after reading the material it seem as if they both mean the same. This week focus does relate to my field because I work for a Medicare part D drug plan. Having an indication of how and what the historical records collect it gives me a better understanding of how they regulate the group of people who may qualify for Medicare assistance each year. References U. S. Department of Commerce. (2012). . Retrieved from Bureau of Economic Analysis: http://www. bea. gov/