This project has two parts, A and B. A. Consider Koenig’s second regression: ∆y = β (pmi – δ) + γ ∆pmi. ∆y is real GDP/GNP growth as the dependent variable. PMI and ∆PMI are the right-hand side variables as defined by Evan Koenig, (2002), “Using the Purchasing Managers’ Index to Assess the Economy’s StrengthRead more about We can work on Now-casting GDP growth using ISM’s PMI[…]