Question

Assume that your company or agency is concerned about near-term economic conditions and wishes to obtain a qualitative forecast of sales or service in the upcoming quarter. Assume also that you are the market analyst for your company or agency planning to use one or more of the leading economic indicators (LEI) published by the US Department of Commerce to formulate your qualitative forecast. You can Google TheLeading Economic Indicator

Answer 1

I being the market analyst for the company or the agency planning to use the Leading Economic Indicator I would definitely use the LEI of sales and manufacturing for my business to prosper . So definitely I will focus on the sales so I so that I am able to generate profits for my business and at the same time I will even focus on manufacturing so I that I am able to fulfil the expectations of the consumers. Basically every business has to depend on the sales for generating revenue So I will have to work in every possible way to collect the data about consumer's prefrence , so that I can serve the customers demand in the best possible way . Consumer surveys would be the best option to generate sales ,marketing of the products at peak and generating the best possible results . As a result when the sales will improve definitely the company will be able to hire more employee , earn more profits and overall the cash will flow into the economy and the results will be positive for the business as well as the economic growth of the country .

Now my second leading economic indicator will be manufacturing the inventory - As far as I am concerned about the economic growth then definitely I as business analyst will be looking forward for the growth prospects in the production sector so that the products are able to satisfy the customer and in turn the company grows because ultimately when the product will be sold then only the company will be able to grow and then bring out the positive result . One flaw that lies in the manufacturing concern is that the stock gets stuck from the producer to the wholesaler or from the wholesaler to the producer which increases the cost as the capital gets stuck so this problem has to be kept into consideration that the inventory flows are proper and and there is no blockage .