Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
"This paper tests the ability of consumer sentiment to predict retail spending at the state level. The results here suggest that, although there is a significant relationship between sentiment measures and retail sales growth in several states, consumer sentiment exhibits only modest predictive power for future changes of retail spending. Measures of consumer sentiment, however, contain additional explanatory power aside from the information available in other indicators. We also find that by restricting our attention to fluctuations in retail sales that occur at the business cycle frequency we can uncover a significant relationship between consumer sentiment and retail sales growth in many additional states. In light of these results, we conclude that the practical value of sentiment indices to forecast consumer spending at the state level is, at best, limited"--Federal Reserve Bank of St. Louis web site.
Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
Subjects
Consumer confidence, Retail trade, StatesPlaces
United StatesEdition | Availability |
---|---|
1
Does consumer sentiment predict regional consumption?
2003, Federal Reserve Bank of St. Louis
Electronic resource
in English
|
aaaa
|
Book Details
Edition Notes
Includes bibliographical references.
Title from PDF file as viewed on 1/28/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
Classifications
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?December 13, 2020 | Edited by MARC Bot | import existing book |
December 5, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
December 10, 2009 | Created by WorkBot | add works page |