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Record W2993135862

The U.S. economy to bounce back in second quarter

2015· article· en· W2993135862 on OpenAlexaboutno aff
N. M. Onvural

Bibliographic record

Venue˜The œjournal of business forecasting · 2015
Typearticle
Languageen
FieldEnergy
TopicGlobal Energy and Sustainability Research
Canadian institutionsnot available
Fundersnot available
KeywordsQuarter (Canadian coin)AtlantaState (computer science)Economic historyEconomyPersonal consumption expenditures price indexConsumption (sociology)EconomicsPersonal incomeEconomic growthMetropolitan areaGeographyArchaeologySociology
DOInot available

Abstract

fetched live from OpenAlex

PARTICIPANTS I Beacon Economics = Los Angeles, California; Conf. Board = Conference Board, New York, New York; Fannie Mae = Fannie Mae, Washington, D.C.; IHS = IHS Global Insight, Eddystone, Pennsylvania; GSU-EFC = Georgia State University, Economic Forecasting Center, Atlanta, Georgia; Moody's Economy = Moody's Economy.com, Westchester, Pennsylvania; Mortgage = Mortgage Bankers Association, Washington, D.C.; NAM = National Association of Manufacturers, Washington, D.C.; Northern Tr = Northern Trust Company, Chicago, Illinois; Perryman Gp = Perryman Group, Waco, Texas; Royal Bank of Canada, Toronto, Ontario, Canada; SP UBS = UBS Bank, Salt Lake City, Utah; US Bank = U.S. Bank, Minneapolis, Minnesota; US Chamber = U.S. Chamber of Commerce, Washington, D.C.; Wells Fargo = Wells Fargo Bank, San Francisco, California.Consensus expects the country's GDP growth rate to remain in the neighborhood of 2.3% well into the second quarter of 2016 even though real GDP declined (now at a negative 0.2%) in the first quarter of 2015. Specifically, Rajeev of the Economic Forecasting Center at Georgia State University's J. Mack Robinson College of Business expects the U.S. economy to bounce back in second quarter because of WOW. The three components of WOW shaved off close to 2.5% of U.S. growth in the first quarter, Dhawan said. (WOW stands for weather, oil, and the world economy.) GDP report showed clear damage from these three factors.Dhawan mentioned further in his report that unusually cold weather in the Northeast during the first quarter resulted in a reduction of nondurable consumption goods (to a negative 0.3%), spending on utilities (heating) increased, and overall gasoline savings were wiped away. We've almost reached the bottom, with oil rig counts having dropped sharply with only a little bit to go, wrote Dhawan. But prices will not reach the heights of $120 a barrel anytime soon. I expect oil to start creeping up to $70/barrel by year's end and stay in that range for the coming year, he added. Finally, the world economy factor influenced the real GDP due to the dragging recovery of China (now at 7%, down from double digits) and the European Central Bank's bond-buying program. Chinese economy's slow-paced recovery affects the emerging markets because of supply chain connections. Eurozone's challenge is related to a potential Greek rescue operation and the trillion-dollar liquidity injection (bond buying program) by the European Central Bank, which results in negative government bond yields. Consequently, these factors led to a decline in exports (now at a 2.3% decline).CONSUMERSThe improvements in employmentand increases in consumers' personal disposable income positively affect consumption and, subsequently, growth in the economy. However, as pointed out, the weather factor, although a temporary one, played significant impact along with the changes in crude oil prices (now, at US$59/barrel). …

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)0.001
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: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.878
Threshold uncertainty score0.381

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0030.001
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.001
Science and technology studies0.0000.000
Scholarly communication0.0000.000
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 head0.040
GPT teacher head0.260
Teacher spread0.219 · 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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