Document Type


Publication Date

Spring 2013


Final Research Project for EC392 – Economic and Financial Forecasting. Instructor: Dr. Lucjan T. Orlowski - Professor and Chair, Department of Economics and Finance, John F. Welch College of Business, Sacred Heart University.

The state of Connecticut has been severely impacted by the recent financial crisis, perhaps more greatly than other states. It was our objective to apply the skills we have acquired as an undergraduate class in Economic Forecasting at Sacred Heart University in Fairfield, Connecticut, to compare various economic indicators and trends of the State of Connecticut to those of the United States. We ultimately wanted to evaluate the real Connecticut economy, labor market developments, public sector, housing market and financial sector to determine the direction Connecticut fiscal policy should be steered in the future. The six groups of students were allotted a particular part of the economy to further investigate through statistical and literary research. Ultimately, we used our resources and statistical software to develop the forecasts throughout this paper.