Macrodur
Macrodur
Macrodur
What is this model trying to do?
Inputs needed
Input the appropriate data for changes in firm value, GDP, inflation and the dollar below: (See worksheets)
Period Change in OI Change in Firm Value
1 4.68% 8.66%
2 3.98% 6.54%
3 6.42% 1.40%
4 5.28% 7.24%
5 3.85% -7.75%
6 7.10% 4.34%
7 9.53% 2.27%
8 9.49% -8.75%
9 34.86% -2.20%
10 11.81% 9.83%
11
year (2018) is the last year for which I have data and that you are using annual data.
data, please pull the percentage changes from the worksheets in this spreadsheet.
Based on Operating Income
-1.46
1.46 ! To get more detailed regression results, open data analysis
-0.44 and run a regression of change in OI (firm value) against changes
-1.60 in macro economic variables.
-0.79
73
Currency 28
0.46 12
0.00 48
0 17
0 60
0 58
0 82
0 49
0 36
0 87
0 34
0.46 20
54
8
25
53
80
16
67
57
70
35
64
63
31
41
24
38
10
14
39
76
59
78
42
99
61
13
26
72
29
46
33
27
40
65
30
62
83
32
22
21
45
37
47
44
50
51
e sector average worksheet)
codes are four digit numbers. To help you narrow down the list, here is the
two digits of the SIC code to see broad industry classifications. You can
he averages across the sector or sectors you are in.
/www.melissadata.com/lookups/sic.asp
Broad Industry Group Duration Cyclicality Inflation Currency
AGRICULTURAL PRODUCTION-CROPS 5.08 0.22 -0.45 -6.36
AGRICULTURAL PRODUCTION-LIVESTOCK 2.04 0.92 1.67 1.49
AMUSEMENT & RECREATION SERVICES 5.01 0.69 0.58 -1.14
APPAREL & ACCESSORY STORES 6.63 0.94 1.38 -0.71
APPAREL & OTHER FINISHED PRODUCTS-MFRS 5.37 1.00 0.46 -0.49
AUTO REPAIR SERVICES & PARKING 4.22 0.78 2.28 -2.08
AUTOMOTIVE DEALERS & SERVICE STATIONS 6.35 0.47 0.26 1.41
BUILDING CONSTRUCTION-GEN CONTRACTORS 5.69 1.04 3.26 0.12
BUILDING MATERIALS & HARDWARE 5.33 0.61 -1.76 -0.86