Define what is often called the business cycle.
... and compile all the data that go into creating the index. Furthermore, the index is often revised as new data become available. The index tends to lead the turning point in the cycle by six month; however, we may not know when we have turned a corner until after it is far behind us.Ø The way we predict what the business cycle will do is by using a tool called The Leading Economic Indicators Index developed by the U.S Department of Commerce and maintained by The Conference Board, a business forecasting organization. It is often very hard to predict in advance just how the business cycle will do because it takes a great deal of time to collect and compile all the data that go into creating the index. Furthermore, the index is often revised as new data become available. The index tends to lead the turning point in the cycle by six month; however, we may not know when we have turned a corner until after it is far behind us.Ø The way we predict what the business cycle will do is by using a tool called The Leading Economic Indicators Index developed by the U.S Department of Commerce and maintained by The Conference Board, a business forecasting organization. It is often very hard to predict in advance just how the business cycle will do because it takes a great deal of time to collect and compile all the data that go into creating the index. Furthermore, the index is often revised as new data become available. The index tends to lead the turning point in the cycle by six month; however, we may not know when we have turned a corner until after it is far behind us.Ø The way we predict what the business cycle will do is by using a tool called The Leading Economic Indicators Index developed by the U.S Department of Commerce and maintained by The Conference Board, a business forecasting organization. It is often very hard to predict in advance just how the business cycle will do because it takes a great deal of time to collect and compile all the data that go into creating the index. Furthermore, the index is often revised as new data become available. The index tends to lead the turning point in the cycle by six month; however, we may not know when we have turned a corner until after it is far behind us.Ø The way we predict what the business cycle will do is by using a tool called The Leading Economic Indicators Index developed by the U.S Department of Commerce and maintained by The Conference Board, a business forecasting organization. It is often very hard to predict in advance just how the business cycle will do because it takes a great deal of time to collect and compile all the data that go into creating the index. Furthermore, the index is often revised as new data become available. The index tends to lead the turning point in the cycle by s...