Understanding the Leading Economic Index

Very Easy Economic Analysis Forecasting Tools

A financial planner is analyzing the economic trends to better advise their clients on investment strategies. One tool commonly used for forecasting economic conditions is the Leading Economic Index (LEI). What is the primary purpose of this index?

To provide a snapshot of current economic activity.

To predict future economic conditions.

To evaluate the performance of financial markets.

Hint

Submitted4.3K

Correct2.4K

% Correct55%