This balanced overview of business cycles and econometric forecasting examines both the leading indicators as
well as standard econometric regression and correlation techniques. The authors emphasize the internal dynamics of cycle to help students truly understand how it works, covering
Post Keynesian, neo-Marxian, and institutionalist approaches as well as the most orthodox theories. In addition, the text presents empirical description of the cycle using the
descriptive method of the National Bureau of Economic Research.