Abstract
The purpose of this paper is to describe the experience that I have had in analyzing consumer-sentiment and consumer-buying-expectations variables and in using a consumer-sentiment variable in my forecasting work. A more extended discussion of some of the issues discussed in this paper is contained in Fair (6) and Fair (7). In Section II, I will discuss my results in comparing consumer-sentiment variables with consumer-buying-expectations variables in the explanation of consumer expenditures. In Section III, I will discuss the results I have obtained in attempting to explain consumer sentiment. In Section IV, I will discuss my experience in using a consumer-sentiment variable in actual forecasting situations. Finally, in Section V I will present suggestions for future research and my own research plans in this area.
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© 1974 Westdeutscher Verlag GmbH, Opladen
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Fair, R.C. (1974). Experience with a Short-run Forecasting Model of the United States Economy. In: Biervert, B., Schaffartzik, KH., Schmölders, G. (eds) Konsum und Qualität des Lebens. SPES-Projekt Sozialpolitisches Entscheidungs- und Indikatorensystem für die Bundesrepublik Deutschland. VS Verlag für Sozialwissenschaften, Wiesbaden. https://doi.org/10.1007/978-3-322-85813-9_7
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DOI: https://doi.org/10.1007/978-3-322-85813-9_7
Publisher Name: VS Verlag für Sozialwissenschaften, Wiesbaden
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