Forecasting with Leading Economic Indicators-A Neural Network Approach.

ECONOMIC forecasting; ECONOMIC research; ECONOMIC indicators; MANAGERIAL economics; DATABASES; ARTIFICIAL neural networks

Discusses a new model that would outperform the forecast accuracy of the classical National Bureau of Economic Research leading indicators model in the field of business economics as of October 2003. Explanation of the structure of the database; Important step in the process of constructing the new model; Aim of the new model; Conditions of a reference variable; Basic requirements for the neural network.