How useful are QSBO performance indices?
AbstractPerformance indices are used worldwide as indicators of activity in key sectors to assist analysts and decision-makers. An advantage of these indices is that, by pooling information from the series that make up the indices, idiosyncratic variation is smoothed out, and a stable and potentially more robust indicator of direction is constructed. Our study shows that individual sector diffusion indices from the QSBO are both good coincidental and leading indicators of economic activity
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Bibliographic InfoPaper provided by New Zealand Institute of Economic Research in its series NZIER Working Paper with number 2011/6.
Length: 17 pages
Date of creation: 02 Nov 2011
Date of revision:
business surveys; New Zealand; economic actvity;
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- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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