What is a coincident economic index?
Could you please clarify what a coincident economic index entails? Is it a tool used to measure the current state of an economy, or does it have a different purpose? Are there specific metrics that are considered when compiling such an index? How does it differ from other economic indicators, such as leading or lagging indicators? Understanding the significance and components of a coincident economic index would greatly benefit those seeking to gain a deeper insight into the health of an economy.