leading indicator
Noun | 1. | leading indicator - one of 11 indicators for different sections of the economy; used by the Department of Commerce to predict economic trends in the near future |
单词 | leading indicator | |||
释义 | leading indicator
leading indicatorLeading indicatorLeading Economic Indicatorleading indicatora run of statistical data that past experience has shown tends to reflect later changes in some related areas of the economy and thus can be used to forecast these changes because they precede the changes in a consistent manner and by a relatively constant time interval. For example, current birth statistics would provide a firm basis for predicting primary school admissions five or six years ahead. Leading indicators, like orders for new machine tools, overtime/short-time working in manufacturing and housebuilding starts, are frequently used to forecast cyclical changes in macroeconomic variables like GNP. See FORECASTING, TIME-SERIES ANALYSIS, LAGGING INDICATOR.leading indicator
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