leading indicator

Also found in: Thesaurus, Financial, Wikipedia.
Related to leading indicator: Lagging indicator
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.leading indicator - one of 11 indicators for different sections of the economy; used by the Department of Commerce to predict economic trends in the near future
index number, indicator, index, indicant - a number or ratio (a value on a scale of measurement) derived from a series of observed facts; can reveal relative changes as a function of time
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
[Delta]log(Ind Prod) = [summation of] [[Alpha].sub.1i][Delta] log[(IndProd).sub.t - i] where 1 to 15 + [summation of] [[Beta].sub.1i][Delta]log[(Leading Indicator).sub.t - i] where 1 to 15 + [[Gamma].sub.1a](log [Leading Indicator.sub.t - 16] - [[Gamma].sub.1b] log [Ind Prod.sub.t - 16]) (1)
All of the leading indicator indexes mentioned above share an important characteristic: they are constructed as a weighted average of a fixed set of indicators.
The National Customer Satisfaction Index (NCSI) can be used as a leading indicator predicting stock index and unemployment rates in advance, given they are correlative, according to the Korea Productivity Center (KPC) surveying one of Korea's major consumer satisfaction indexes.
It tracks 35 data points from ABC 2015 STEP participants to determine the correlation between implementing leading indicator use and lagging indicator performance, which is measured by the Total Recordable Incident Rate (TRIR) and Days Away and Restricted or Transferred (DART) rate.
As the accompanying chart, "Two ways to look at inflation," shows, the measurement based on the same month last year tends to be a leading indicator. That is, it tends to show where the 12-month average will head in the coming months.
However, seven of the eight components that make up New Hampshire's Leading Indicator had a positive contribution in May: unemployment claims, building permits, exports, consumer expectations (regional), stock prices (national), interest rate spread and technology index (national).
The prospects for the world's major developed economies improved further in July according to a monthly leading indicator of growth compiled by the Organisation for Economic Cooperation and Development, or OECD, while emerging markets continued to lose steam.
The Department of Education calls the measure a "leading indicator," a reasonable label given the documented relationship between absence rates measured at the teacher level and student achievement.
The Paris-based forecaster said its leading indicator measure for the UK rose by 0.3 points to 96.6 in March, with any increasing number below 100 representing recovery.
NAR's Commercial Leading Indicator for Brokerage Activity index slipped 0.1 percent to an index of 120.6 in the third quarter of 2007 from a record reading of 120.7 in the second quarter, but remains 0.7 percent higher than the third quarter of 2006, when it stood at 119.7, according to NAR.