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Unformatted text preview: The values for the index can be between 0 and 100. The institute for Supply Management typically employs economists to do research for the economy. Those economists analyze the collected data and make it to an index then produce reports for the market. For example, the ISM Services Index, economists send out surveys every month to those businesses which have the power to buy stuff and hire people to answer some questions about production levels, inventory levels, and employment environment. Due to the economists’ analysis, the ISM Index will affect the economy indirectly. The ISM Index is considered one of the factors which affect the management decision; therefore, economic activities may be affected by the Index....
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This note was uploaded on 04/17/2011 for the course ECON 202 taught by Professor Kotlove during the Spring '11 term at Edmonds Community College.
- Spring '11