QRB501 QRB/501 DQs Week 2 - 19491

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1.Access http://www.conference-board.org/economics/ConsumerConfidence.cfm. This is an index based on how people feel about the economy. All indexes are created in a similar fashion. A base is first selected. In this case, the base was 1985 and set at 100. Thus, if the index was at 57.2 in May 2008, and in October 1992 the index was at 54.6, are people feeling better or worse in 2008 than they did in 1992? If the index was at 62.8 in April 2008, what does that mean for May 2008?  Please ensure that your initial post is 200 to 300 words and contains at least one relevant reference from the text.  I look forward to reading your responses.

2.Are weighted indices more valuable than unweighted indices? Why? How is the base year of an index selected? Why is the base year important to the data? Is forecasting independent of indexing? Are forecasting and indexing ever used together? If so, how? Please ensure that you answer all questions posed and use at least one relevant text reference for your posting.  Initial postings should be from 200 to 300 words.

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2.Are weighted indices more valuable than unweighted indices? Why? How is the base year of an index selected? Why is the base year important to the data? Is forecasting independent of indexing? Are forecasting and indexing ever used together? If so, how? Please ensure that you answer all questions posed and

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