23 Data Report on Survey- and Text-Based Economic Indicators
The goal of this assignment is to create a data report on survey- and text-based economic indicators. The report should be prepared using R Markdown and must be a minimum of four pages long, containing both graphs and text.
Before starting your report, ensure that you have adequately completed the preparations outlined in Chapter 23.1. Your report should align with the guidelines provided in Chapter 23.2 and Chapter 23.3. Upon finishing, please submit your data report via the course website (Blackboard).
23.1 Preparations
To set a solid foundation for this assignment, review the following chapters of this book:
- Chapter 19: Why Subjective Information Matters
- Chapter 20: Michigan Consumer Survey
- Chapter 21: Real-Time and Forecaster Data
- Chapter 22: Text-Based Economic Indicators
- Chapter 23: Data Report on Survey- and Text-Based Economic Indicators
In addition, complete the following DataCamp courses as advised by Chapter 8:
23.2 Data Guidelines
Select one of the survey- or text-based indicators explored in this module for your report. Furthermore, use the data discussed in this module to create your own survey- or text-based indicator. Illustrate why this new indicator could yield valuable insights. Conduct a business cycle analysis for your newly created survey- or text-based indicators by comparing it to traditional economic indicators.
23.3 R Markdown Guidelines
Your assignment involves drafting a data report on survey- and text-based economic indicators using R Markdown. If you need an introduction to R Markdown, you can refer to Chapter 7. The final output, produced by knitting your R Markdown file, should be a polished, dynamic PDF document that follows the same standards detailed in Chapter 9.3 for the data report on yield curves.