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Tony Soprano recently joined the research department of the investment Bank of Quebec as a financial analyst. His first task involves predicting predict futute aggregate

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Tony Soprano recently joined the research department of the investment Bank of Quebec as a financial analyst. His first task involves predicting predict futute aggregate economic conditions. He notices that manufacturers' orders for defense capital goods such as small arms and navigation equipment increased more than expected and shipments rose solidly over the past year. Soprano believes this is a strong indication that business spending has been persistently increasing and thus suggests a positive view on the future aggregate economy condition Q: Should Soprano predict future aggregate economic conditions using manufacturers' orders for defense capital goods? Why

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