Assume you are tasked with forecasting the macroeconomy (quarterly forecast for the next four quarters, updated monthly) for a policy entity or political official. Suggest some variables you would use and how they would contribute to the forecast.
The same question as before, but this time, you are forecasting the macroeconomy for a business that desires a read of economic conditions. Suggest some variables and how they would fit into your forecast.
Are there any differences in the variables between the two approaches? Why or why not?