To predict the effects on a particular industry of changes in other sectors of the economy forecasters should employ:

Question

Quizplus · Accepted Answer

Input-output analysis is a method that estimates the interdependencies between sectors of the economy. It predicts how changes in one sector will affect other sectors, including the particular industry being analyzed. Therefore, it is the best choice for forecasting the effects on a particular industry of changes in other sectors of the economy. Time series analysis, barometric methods, and steamroller techniques are not suitable methods for this purpose.

To Predict the Effects on a Particular Industry of Changes