e-forecasting.com’s economic Leading Analytic, eLA™, a composite barometer of seven time-series, forward-looking, and model-fused predictive analytics, rose 0.3 percent in May, following a decrease of 7.2 percent in April.
Four of the seven components – individually modeled – had a positive contribution to the aggregate U.S. leading barometer.
Combined with current economic conditions, measured by U.S. monthly-GDP ™, the economic Leading Analytic, eLA™, provides monthly predictions of the risk for future recessions. By visualizing the findings,”…the probability of an upcoming recession in the next six to nine months posted a reading of 100 percent in May…”said Evangelos Otto Simos, editor-in-chief and professor at the University of New Hampshire, in comments published today in the U.S. Leading Indicators Digest™.
e-forecasting.com, a USA private, New Hampshire based, research and predictive intelligence consulting firm, provides its clients creative, science based, innovative, artificial intelligence driven, and disruptive predictive analytics for what’s next.
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