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Examining the external environment can give Able an idea of how to operate and forecast properly.
One good source to look at economic indices is the Census website. There, the Able Corporation can look at how the key general economic indices correlate with each other for the last five years listed. The first economic index to examine is housing starts. In 2003, the total amount of privately owned houses to start in that year was 1,499. In 2004, this amount was 1,611. In 2005 the amount of housing starts was 1,716; in 2006 housing starts were noted at 1,465. In 2007, the amount of housing starts was 1,046 (New Privately Owned Housing Units Started, 2008)...
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