Consumer Sentiment and Buying Intentions Revisited: A Comparison of Predictive Usefulness
24 Pages Posted: 26 Apr 2014
Date Written: 1986
This article re-examines the controversial issue of the usefulness of attitudinal indices as leading indicators of consumer durable expenditures. First a cross-validation is performed using the two most popular indices of consumer sentiment (Survey Research Center and Conference Board).
The usefulness of these indices is then tested using a more recent methodology for time-series analysis.
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