Chapter 11. Famous First Forecasting Failures

EIA Activity: Famous First Forecasting Failures

[Online Document Assignment:]

EIA Activity: Famous First Forecasting Failures

Click on the links on the right to answer the following questions.

  1. Question

    Use Link 1 to answer the following question. True or False: Econometrics is simply defined as “a set of quantitative techniques that are useful for making economic decisions.”

    		A.
    		B.

  2. Question

    Use Link 2 to answer the following question. True or False: The Journal of Applied Econometrics is the name of an academic journal.

    		A.
    		B.

  3. Question

    Use Link 3 to answer the following question.True or False: Consumer confidence declined in November 2014, but improved in December 2014.

    		A.
    		B.

  4. Question

    Use Link 4 to answer the following questions. True or False: Real consumer spending was lower in 2013 than in 2014.

    		A.
    		B.

  5. Question

    True or False: Real capital spending was higher in 2014 than in 2013.

    		A.
    		B.

  6. Question

    On a personal measure, how confident are you currently in your ability to spend income on various goods and services? Explain.
    Your response will be graded by your instructor.
    On a personal measure, how confident are you currently in your ability to spend income on various goods and services? Explain.

  7. Question

    Are you currently spending more or less than your monthly budget allows? Discuss.
    Your response will be graded by your instructor.
    Are you currently spending more or less than your monthly budget allows? Discuss.

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