Produce a forecast of each for the next two years

Reference no: EM132341575

Instructions

Extrapolation Demo

Using the attached spreadsheet as a template, and relying on the information contained in the Module Three lecture notes, download data from FRED for the following three key macroeconomic variables and produce a forecast of each for the next two years.

The rate of growth of real GDP (GDPC1 and use the percent change from a year ago ).

The rate of inflation (CPIAUCSL and use the percent change from a year ago). The unemployment rate (UN RATE).

Your assignment should consist of a single Excel spreadsheet with three tabs, one for each of the three variables. Each tab should contain the original data, any intermediate data you choose to use, and a graph showing your forecast appended to the actual data as in the template provided. It should also contain a brief verbal description of your reasoning.

The submission must be your own work. However, you are free to discuss the assignment in the general questions conference.

Reference no: EM132341575

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