Current Forecast of US Personal Consumption Expenditures
Units: Billion USD, . Seasonally Adjusted, Annual Rate.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for US Personal Consumption Expenditures
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.