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The Indiana Daily Student

?Business Outlook Tour will visit 10 Indiana cities

Economists from the IU Kelley School of Business will discuss the future of Indiana’s economy as part of the 2015 “Business Outlook” tour, according to an IU release.

The tour, sponsored in part by the Kelley School of Business, will begin with a presentation Nov. 6 in Indianapolis before traveling to nine other cities throughout the state.

Indiana Business Research Center Director Jerry Conover said in the release that though the nation and the state have made strides in recovering from the Great Recession, the recovery is not yet complete.

“The slow economic recovery continues with respectable job growth tempered by slow growth in wages,” Conover said. “Recent volatility in financial markets underscores investor uncertainty. Though the U.S. economy has made notable progress, nervousness about foreign economies could easily rock our boat.”

The Kelley School of Business has been traveling around the state to present its forecasts since 1972.

In order to produce these various forecasts, the school focuses on an econometric model of the country, developed by the Center for Econometric Model Research at the Kelley School of Business.

The model involves hundreds of statistical equations, which will aid in developing a national economic forecast.

From there, a similar model is created for Indiana based on the national model.

Each presentation will feature a panel of faculty members from the business school and IU, as well as panelists from local IU campuses and other universities.

The goal of the panel is to present perspectives on global, national, state and local economies as well as their financial markets.

This tour is sponsored by the Kelley School of Business, the IU Alumni Association, other IU campuses and various community organizations.

Panelists will also stop in Bloomington at 11:30 a.m. Nov. 6 at Alumni Hall in the Indiana Memorial Union. The cost to attend is $25.

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