From the course: Economic Tips for Everyone

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Economics data frequency

Economics data frequency

From the course: Economic Tips for Everyone

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Economics data frequency

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- The secret to being a good economist is to watch the calendar. I know it sounds simple but it's true. And it's helped make me a good forecaster. In fact, I credit some of my forecast accuracy to the fact that I might be watching the calendar a little bit closer than some other economists or forecasters. There are important government industry and NGO data releases that come out daily, weekly, monthly, quarterly and annually. And you can use those data to inform strategic business decisions like revenue and sales planning, risk management and growth and hiring strategies. Knowing what data comes out when is important, because if you're watching the wrong data and the wrong reports and you don't know when the most important data comes out, you can't develop good strategies.

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