Macroeconomic Forecast Outline
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Macroeconomic Forecast Outline
A) The following Economic Indicators are used in order to forecast the future sales of BMWs X5 Sports Utility Vehicle.
*CPI
*Consumer Price Index
*Unemployment
*Wages and Salaries
*Inflation
*Retail sales
B) Sources obtained for the forecast are:
*US Department of Commerce
*Bureau of Labor Statistics
*US Census Bureau
*Congressional Budget Office
*The Federal Reserve
*The Conference Board
C) US Department of Commerce Economics and Statistics Administration and the same sources from above.
Professional forecasters look at the past data to evaluate and determine if any trends have occurred, such as the effect on inflation to the type of vehicles that are bought, and how unemployment affected the purchase of vehicles
Congressional Budget Office
2003 2004 2005
Federal Reserves 2003/2004
1st Qt 2nd Qt 3rd Qt 4th Qt
GDP (percentage)
3.8 4.8 4.2
105.16 105.440 105.870 106.270
2.3 1.6 1.7
181.5 182.4 184.5 185.2
Unemployment
6.0 5.8 5.3
N/A N/A N/A N/A
Wages and Salaries
5,237 5,518 5,818
159.3 160.3 161.7 162.5
Retail Sales
11,732 28,047 31,135
N/A N/A N/A N/A