The forecasting technique which attempts to forecast short-run changes and makes use of economic indicators known as leading,coincident or lagging indicators is known as:
A) econometric technique
B) time-series forecasting
C) opinion polling
D) barometric technique
E) judgment forecasting

Question

Quizplus · Accepted Answer

The technique described in the question is known as the barometric technique. This technique uses economic indicators, such as leading, coincident, or lagging indicators, to forecast short-term changes in the economy. The other options listed (econometric technique, time-series forecasting, opinion polling, and judgment forecasting) do not specifically mention the use of economic indicators in the same way.

The Forecasting Technique Which Attempts to Forecast Short-Run Changes and Makes