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联邦储备委员会敏感价格指数预测能力的评价AI 解读

This article reviews the historical performance of the Federal Reserve Board Sensitive Price Index (SPI) in accord with the standards established for such an index by the Price Statistics Review Committee. Several empirical tests are outlined which can be used to assess the predictive performance of any leading indicator. These tests indicate that the SPI performs well as an indicator for business conditions but has little to offer for the problem of predicting price level…

美联储敏感价格指数预测能力的评价AI 解读

This article reviews the historical performance of the Federal Reserve Board Sensitive Price Index (SPI) in accord with the standards established for such an index by the Price Statistics Review Committee. Several empirical tests are outlined which can be used to assess the predictive performance of any leading indicator. These tests indicate that the SPI performs well as an indicator for business conditions but has little to offer for the problem of predicting price level…