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CFA Level 3
Portfolio Management and Wealth Planning

Economic Forecasting Tools and Indicators

Medium Economic Analysis Forecasting Tools

In developing an economic forecast, an investment analyst uses various forecasting tools to project future economic conditions. One such tool is the leading economic index (LEI), which comprises several components that indicate future economic activity. One of the key components often considered is the average weekly hours worked in manufacturing. Based on this context, which forecasting tool best correlates with expected economic growth?

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