NBER Business Cycles
In class, we used data from The Great Depression to the present to calculate a few statistics on recessions.
Using the same data sheet, for the expansionary phase of the business cycle (trough to peak) calculate:
in months…
Minimum
Maximum
Range
Mean
Median
Mode
Using these statistics and the last business cycle trough, predict when the next peak will be.
Caveat: this is not an approved way to forecast, but it will generate discussion.