Answers are grounded in this paper and cite their sources.
A Multivariate Discriminant Analysis is described, aimed at predicting the direction of changes in the Hong Kong tender price index by utilising the patterns of change in eight leading economic indicators. Two discriminant functions are derived which distinguish between 'upward', 'constant' and 'downward' index trends with a high degree of success.
No takes yet. Share an insight, caveat, or question.
Ng et al. (2000) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: