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Record W1444558626

What Will 2015 Bring to the U.S. Economy

2015· article· en· W1444558626 on OpenAlexaboutno aff
N. M. Onvural

Bibliographic record

Venue˜The œjournal of business forecasting · 2015
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicFiscal Policy and Economic Growth
Canadian institutionsnot available
Fundersnot available
KeywordsPersonal consumption expenditures price indexEconomicsEconomyLiberian dollarQuarter (Canadian coin)Consumer confidence indexPersonal incomeUnemploymentConsumer spendingAtlantaConsumption (sociology)RecessionFinanceEconomic growthMacroeconomicsGeographyMetropolitan area
DOInot available

Abstract

fetched live from OpenAlex

PARTICIPANTS | Beacon Economics = Los Angeles, California; Conf. Beard = Conference Board, New York, New Yok, Fannie Mae = Fannie Mae, Washington, DC ; IHS= IHS Global Insight, Eddystone, Pennsylvania, GSU-EFC = Georgia State Universiy, Economic Forecasting Censer, Atlanta, Georgia, Moody's Economy = Moody's Economy com, Westchester, Pennsylvania; Mortgage = Mortgage Bankers Association, Washington, DC., NAM =National Association of Manufacturers, Washington, DC , Northern Tr = Norrthern Trust Company, Chicago Illionois, Perryman Gp = The Perryman Group, Waco, Texas, Royal Bank of Canada, Toronto, Ontario, Canada; S&P = Standard & Poor's, New v0'k, New YodThe U.S. economy in 2015 is expected to continue on its current path of growth well into the first quarter of 2016. Consensus expects the country's GDP growth rate to remain in the neighborhood of 2.25 percent. Recent declines in the price of crude (now, below US$45/barrel), as well as the unemployment rate (now, at 5.5 percent) together with slight improvements in disposable income have raised both consumer confidence and spending. At the same time, GDP growth has remained tepid due to cautious consumers who have been squeezed by a minimal rise in wage rates. Further, the surging dollar, now at a six-year high against the euro ($1.06), has made U.S. exports more expensive to struggling European economies.CONSUMERSThe continuous improvements in employment rate and increases in consumers' personal disposable income have positively affected consumption and, subsequently, growth in the economy. The continued gains in the stock market (now, Dow Jones at more than 17,500 and S&P 500 above 2,000 levels) have also contributed to higher consumer spending.The ratio of Personal Consumption Expenditures over Personal Disposable Income is expected to stay around 92 percent. The increase in Personal Disposable Income is expected to be around 3.61 percentfrom the second quarter of 2015 to the first quarter of 2016, whereas the increase in Personal Consumption Expenditures, will be around 3.83 percent. This suggests that consumers are still cautious about spending.FIRMSThe unemployment rate is expected to be 5.28 percent by the first quarter of 2016. The declining unemployment may provide market power to employees to negotiate better and potentially higher wages after several years of stagnation. Copyright ©2015 Journal of Business Forecasting I All Rights Reserved I Spring 2015Light vehicle sales have exceeded 16 million In 2015, and are expected to reach 16. …

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.411
Threshold uncertainty score0.486

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0030.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.002
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.087
GPT teacher head0.235
Teacher spread0.148 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2015
Admission routes1
Has abstractyes

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