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Survey of 1. bPROFESSIONALFederal Reserve BankFORECASTERSof PhiladelphiaDocumentation Last Update: May 16, 2017, Table of Contents1. Overview22. Median and Mean Forecasts for Levels93. Growth Rates:

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Step 1: Determine the data set for which you want to calculate the median and mean forecasts.

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Step 2: Arrange the data set in ascending or descending order.

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Step 3: Calculate the median forecast by finding the middle value of the arranged data set. If the data set has an odd number of values, the median will be the middle value. If the data set has an even number of values, the median will be the average of the two middle values.

04

Step 4: Calculate the mean forecast by summing up all the values in the data set and dividing it by the total number of values.

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Step 5: Repeat steps 1 to 4 for each data set or scenario you want to make forecasts for.

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Step 6: Use the computed median and mean forecasts to analyze trends, make predictions, or make informed decisions.

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What is median and mean forecasts?

Median forecast is the middle value of a set of numbers arranged in ascending order, while mean forecast is the average of a set of numbers.

Who is required to file median and mean forecasts?

Companies or organizations that are mandated by regulatory authorities to report financial information.

How to fill out median and mean forecasts?

Fill out the required financial data accurately and submit it to the designated authority.

What is the purpose of median and mean forecasts?

The purpose is to provide an indication of the expected financial performance or trends of a company.

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Financial data such as revenue, expenses, profits, and other relevant metrics.

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