3 ms·
The main supporting graph: "percent change on previous month, annualized". So this is like, a relative rate-of-change measure? (of what exactly?) Can we have ab
by lapinot 4y ago
The main supporting graph: "percent change on previous month, annualized". So this is like, a relative rate-of-change measure? (of what exactly?) Can we have absolute rate-of-change or absolute values of this thing? (it's not as if some decent range of the economic output is unknown) Also this graph is far too short in timescale especially since it's dealing with the recent past: we know these indicators are very noisy around the now point. wtf this is garbage
- dimitar 4y agoIt is using some sort of an alternative to GDP, but I don't understand why they made that choice: "The Current Activity Indicator (CAI) is an alternative summary measure of economic growth constructed from major real activity indicators. The CAI includes both “hard” and “soft” economic indicators, and it puts a relatively high weight on the latter."