America's economic Leading Analytic "rose in October to the highest reading of ever recorded in 63 years," said Professor Evangelos Otto Simos, editor-in-chief, at the release of the latest Leading Analytics Warp Digest.
“A surge in housing activity led the October increase in the US leading economic barometer," Professor Simos, Editor-in-Chief, highlighted. Six of the seven predictive analytics that make up e‒forecasting.com's leading economic barometer improved in October. The only component that had a negative or zero contribution to America's economic Leading Analytic, eLA™, was consumer confidence.
Applying probabilistic predictive intelligence to expand, at a risk, the leading time of eLA to improve executive-driven profitability, probabilistic thinking analytic visualizes this month a high probability for the US economy to be positioned in the near future in the expansion phase of its business cycle.
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