Master's Theses

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Date of Award

Spring 1966

Degree Name

Master of Science (MS)

Department

Economics, Finance, & Accounting

Advisor

Dr. Milburn Little

Abstract

Presented in this thesis are the results of a study conducted on twenty economic indicators. A hypothesis was developed to show the future economic growth of our Nation and each economic indicator was tested to determine whether or not the hypothesis was plausible for each individual series. The Hypothesis. By using the mathematical formula for the line of least-squares to determine the trend’s movement, the author believes each economic indicator can be projected into the near future with reasonable accuracy. Ten major economic indicators and ten minor economic indicators were selected for the study. The actual data of 1955-59 was used for determining the trend line of each series, and each series was projected into 1960-64 for purposes of testing the hypothesis against the actual data of 1960-64. In addition, each series was projected into 1965-69 using the actual data of 1960-64 for determining the trend line of each series. The forecast of each indicator was made for the near future, and the 1960-64 projections were used to determine largely whether or not the hypothesis was plausible for each individual series. In the study it was found that the hypothesis was accepted for seven major economic indicators and was rejected for three major indicators. In contrast, the hypothesis was accepted for only four minor economic indicators and was rejected for six minor indicators. The eleven economic indicators accepted in this study provide a reliable indication of our future economic growth. The nine economic indicators rejected in the study cannot provide reliable estimates of future economic growth, but in no way affect the validity of the eleven indicators accepted in this study.

Rights

Copyright 1966 Robert D. Bingham

Comments

Notice: This material may be protected by copyright law (Title 17 U.S. Code).

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