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10 cards from this deck
Early warning signals predicting future economic activity
3-6 months before actual change occurs
Move simultaneously with economy, show current state
Change after business cycle moves to new phase
Confirm cyclical changes have occurred, not predict
Combine various indicators of same type into single value
Vertical difference between trough and following peak
Duration from peak to peak or trough to trough
Using known data to estimate unknown future conditions
Smooth fluctuations to reveal underlying trends
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