Examlex
i. Long-term forecasts are usually from one year to more than 10 years into the future.
ii. A forecast is considered necessary in order to have the raw materials, production facilities, and staff available to meet estimated future demands.
iii. One component of a time series is the secular trend that is the smooth movement of a series over a short period of time, such as a few months or quarters.
Required Reserve Ratio
The required reserve ratio is the portion of depositors' balances that banks must have on hand as cash, set by central banking authorities to ensure liquidity.
Taxes
Obligatory financial impositions or another sort of tax placed on individuals by government institutions designed to support government expenditure and multiple public financial needs.
Expansionary Monetary Policy
A form of macroeconomic policy that aims to increase the money supply and typically lower interest rates to stimulate economic growth.
Discount Rate
The rate at which central banks lend to commercial banks or other financial institutions.
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