Current Forecast of US Personal Income

Units: Billion USD, Average of Month.  Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Personal Income

DateForecast
Oct-1716585
Nov-1716521
Dec-1716447
Jan-1816430
Feb-1816395
Mar-1816404
Apr-1816407

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.