Write an evaluation of a published macroeconomic forecast Essay

Write an evaluation of a published macroeconomic forecast - Essay Example This means that there is continuous growth in future, which is brought by the banks’ new advances made on the credits extended to customers. In the next quarter the economy is expected to perform even much better. Another contributor to the economic growth is the housing for the last more than 5 months, sales of real estates hasbeen evident. This is backed by the new modern homes that have been constructed and some which are still under construction. For example, CoreLogic Home Price Index rose by 1.1% in a year. This is according to chapter three of the (economic forecast publication r April 2014). In comparison, the housing construction and sales vary by 9%, construction rate being higher than the sales. This is a growth indicator. Manufacturing and processing sectors have added wonderful growth indicators to the economic growth. The May returns of this year are anticipated to be the highest for the last three years. This follows last years 5% growth, which is highest for the last three years now. Key assumptions here are that: the government does not take care of the borrowers where the cost of loans is very high. The government assumes that there is general growth. They don’t take care of the private sectors and individuals who bear the high cost of economic growth through coast of loans. The second assumption is the policy of selling the homes. It is more beneficial to hold investments than sales, especially real estates. This is in regard to the principle of the investment multiplier concept. The audience of this information is the potential investors, shareholders and the government agencies. Some areas have been exaggerated. Firstly, the sales of assets are lower in long term growth in GDP. Anothe r one is the high cost of loans shifted to borrowers. The borrowers are economically affected. Labor market shows a negative image compared to developments as said earlier in the US economic

Chi-square Distribution Essay Example | Topics and Well Written Essays - 750 words

Chi-square Distribution - Essay Example By applying the chi-square distribution and analysis to the information provided for WidgeCorp Company, we are able to find whether the data and the chi test are independent and thus be able to accept or reject the null hypothesis. We realize that the sales data and the use of the software will present with categorical data which ultimately allows us to use non-parametric analysis through a chi-squared test. The answers to possible questions from the variables could ‘yes, there is a relationship between sales and use of software’ or ‘no’.Considering the distribution of the sales force of WidgeCorp, it is convenient to assume that in each region, there are 500 sales persons which give the total of 500. Since we are told that only half of this number was given the software during the test period, we hypothesize that suppose this number is equally divided for the Southeast and the West region, then all of the agents in these two regions were given the software leading to the chi-square analysis below.Consequently, the data can be presented in a contingency table as indicated below to facilitate the computation of chi-squared for the stated hypothesis.From the calculations, we obtain a chi-square of 2.62 with a degree of freedom for the data set 1 (obtained from rows and columns). From the chi distribution table in appendix 1 with section provided below, we obtain a chi-square probability of 3.81 which is greater than the calculated x2 and we, therefore, reject the null hypothesis in this regard.