A panel of economists provided forecasts of the U.S. economy for the first six months of 2007

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A panel of economists provided forecasts of the U.S. economy for the first six months of 2007 (The Wall Street Journal, January 2, 2007). The percent changes in the gross domestic product (GDP) forecasted by 30 economists are as follows?

A panel of economists provided forecasts of the U.S. economy

a. What is the minimum forecast for the percent change in the GDP? What is the maximum?
b. Compute the mean, median, and mode.
c. Compute the first and third quartiles.
d. Did the economists an optimistic or pessimistic outlook for the U.S economy? Discuss.

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Related Book For  book-img-for-question

Essentials Of Statistics For Business And Economics

ISBN: 9781111533847

6th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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