In Forecasting Consumer Spending Using Surveys of Consumer Confidence,research Suggests

Multiple Choice

In forecasting consumer spending using surveys of consumer confidence,research suggests that

A) the forecasts are improved when using consumer confidence measures.
B) the forecasts are not improved when using consumer confidence measures.
C) the forecasts are improved when using consumer confidence measures for forecasts made during recessions, but not expansions.
D) the forecasts are not improved when using consumer confidence measures for forecasts made during expansions, but not recessions.