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The third project is a research project. The task is to identify
forecasts of three key macroeconomic variables from publicly available
sources and write a report in which you describe the range of forecasts
for each variable for whatever time horizons you find.
You will have to find organizations that produce macroeconomic
forecasts. In the Resources Section is a link for the organization that
produces the economic and revenue forecast for the State of Washington.
You should be able to find others. Finally, you need to decide on a
single forecast for each of the variables. You may decide to accept one
of the forecasts you find or to use some averaging process. The report
should explain the conclusions you reached and contain a graph of the
historical values of each variable and the forecast you propose.
The three variables are:
1. The annual percentage rate of change of real GDP.
2. The annual percentage rate of change in the CPI (the rate of inflation).
3. The unemployment rate.