Difference between economic forecasting-business forecasting

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Briefly explain the difference between economic forecasting and business forecasting. What is the best economic tool to help the leaders to see future better than others economically 6 to 9 months before the cycles of the business cycles of the US economy change their direction? How does this economic tool react before recession and before the recovery?

Hint: It is related to one indicator that we discussed in class.

Reference no: EM13739517

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