Th� followin� i� a� extrac� o� th� transmitta� lette� fro� �
Fran� Elie� o� Decisio� Science� an� Software��� 1752� �
Cottonwood Street, Irvine, CA 92715. (714)552-5258
"TH� FED� i� � microcompute� versio� o� th� econometri� �
mode� use� b� th� St� Loui� Federa� Reserv� Distric� t� tes� �
alternat� mone�� suppl�� policie� prio� t� enterin� int� �
deliberation� o� th� ope� marke� committee�� Sinc� th� St� �
Loui� FEĠ� i� on� o� nin堠 district� sharin砠 th� �
responsibilit� fo� settin� mone� supp� targets� th� mode� i� �
� valuabl� too� fo� busines� forecastin� an� decisio� �
making� Transmitta� o� thi� distributabl� cop� constitute� � �
limite� licens� o� m� copyright.
Th� packag� consist� o� fiv� modules�� Th� first� �
"THEFED.INT� i� th� forecastin� model� I� i� supporte� b� a� �
extensiv� tutoria� invoke� b� respondin� "YES� t� th� firs� �
prompt�� O� subsequen� run� th� "NO� respons� wil� supres� �
th� tutorial�� Th� progra� draw� upo� th� economi� file� �
"ECON1.DAT,�� containin� quarte� b� quarte� economi� dat� �
sinc� 195� (u� throug� th� secon� quarte� o� 1981� an� b�� � �
forecast� file�� whic� ma� b� specifie� b� respondin� t� th� �
appropriat� prompt�� � sampl� forecas� file� "FORCAST2.DAT,� �
i� include� fo� illustration�� Th� economi� fil� ma�� b� �
printe� usin� "PRNTECON.INT,� whil� th� forecast fil� ma� b� �
printe䠠� usin砠 "PRNTFORC.INT.��� Th堠 file� ca� b� �
maintained/created respectively using an ordinary editor.
(Not� include� (is� the Basi� cod� o� "TH� FED� becaus� �
th� empirica� constant� use� i� th� equation� ar� easil� �
changed�� an� changin� thes� constant� b� eve� smal� amount� �
vitiate� th� validit�� o� th� results�� But�� � genera� �
descriptio� o� "THŠ FED�� ma� b� foun� i� "METHODӠ an� �
TECHNIQUEӠ o� BUSINESӠ FORECASTING,�� edite� b�� Butler� �
Kavesh� an� Platt� an� publishe� b� Prentic� Hall� Englewoo� �
Cliffs�� N� (1974)�� Th� descriptio� appear� o� page� 50� t� �
51�� inclusiv� i� � pape� b� Leonal� Anderso� titled� "� �
Monetaris� Approac� t� Forecasting.�� Updat� datᠠ ar� �
availabl� i� th� "Surve� o� Curren� Business� publishe� b� �
th� UӠ Departmen� o� Commerc� an� availabl� a� mos� �
libraries� User� desirin� mor� informatio� tha� availabl� i� �
thi� articl� an� th� tutoria� ma�� orde� � manua� a� �
described in the tutorial.
