Current Forecast of DJ Transports
Units: Stock Price Index, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for DJ Transports
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.
The Dow Jones Transportation Average
The Dow Jones Transportation Average, or the DJ Transports or DJTA, is a U.S. based stock price index. The DJT is based on the stock prices of 20 corporations engaged primarily in transportation. The index is compiled and maintained by S&P Dow Jones Indices. The stock list includes such companies as UPS, FedEx, Southwest Airlines and Norfolk Southern.