What helps economists forecast the economy? Imagine you are presenting the index of leading indicators concept to a small group of newly hired analysts. In a minimum of 200 words, with at least two scholarly and credible resources,

Discuss the index of the leading indicators.

Is the Phillips curve a helpful predictor? Why or why not?

As a businessperson, how could you use this predictive macroeconomic information to help make business decisions? (Give at least one specific example.)