Forecasting Financial and Economic Cycles [Hardcover]

Gain the knowledge and skills that can help you exploitinstability. Forecasting Financial and Economic Cycles No book canhelp you construct foolproof forecasting systems that will ensureyou'll accurately predict economic turning points every time. Butwith Niemira and Klein's Forecasting Financial and Economic Cycleson hand, you'll be able to significantly strengthen your ability tomeasure, monitor, and forecast important fluctuations. Parthistory, it provides you with essential background material on thecharacteristics and causes of economic volatility. It offersaccessible coverage of the classical business cycle, the five basictypes of economic cycles as determined by leading economists, andevolving ideas on the forces driving instability--ranging fromsimple unicausal theories, more complex Keynesian theory, to newclassical macroeconomics. In addition, its concise review ofAmerica's economic past highlights the lessons that can be learnedfrom the various cycles experienced since shortly before World WarII. Part handbook, Forecasting Financial and Economic Cyclespresents the full spectrum of statistical techniques used tomeasure cycles, trends, seasonal patterns, and other vital changes,offering you step-by-step guidance on applying a specific methodand detailing its uses and limitations. It goes on to show how youcan adapt particular techniques to assess, track, andpredict:
* Industry cycles--including an objective, tailor-made forecastingtool
* Regional business cycles--including a survey of regionalindicators
* International business cycles--with an international businesscycle chronology
* Inflation cycles--plus 12 little-known facts about this complexcycle
* Financial cycles--covering credit, monetary, and interest ratecycles
* Stock market cycles--with advice on achieving more disciplinedtrading
Based on outstanding scholarship and years of practical experience,Forecasting Financial and EcolÄ