Pfizer Macroeconomic Forecast
Macroeconomic Forecast
Pfizer, Inc.
March 14, 2005
Abstract
This paper is a Macroeconomic Forecast Outline of Pfizer, Inc. This outline will identify main economic indicators for Pfizer as a business entity and as a representative of pharmaceutical industry. This paper will identify sources of various data collected based on economical activity and relationships between different economical indicators.
Main Economic Indicators
The purpose of economic indicators is to provide for researchers and analysts the ability to interpreter economic data. Economic indicators are the main source of prediction of market behavior. They are also detailed explanations of how to analyze various changes over a business cycle.
There are very many different economic indicators that are used to analyze economic activity of a company, industry, country, or region. There are three different general trends (directions for prices or rates) in the economy. "Those with predictive value are leading indicators; those occurring at the same time as the related economic activity are coincident indicators; and those that only become apparent after the activity are lagging indicators. Examples are unemployment, housing starts, Consumer Price Index, industrial production, bankruptcies, GDP, stock market prices, money supply changes, and housing starts also called business indicators." (http://www.investorwords.com/1643/economic_indicator.html)
This paper analyzes the main economic indicators related specifically to one of the largest pharmaceutical company Pfizer, Inc such as overall performance, revenue, net income, research and development, cost and expenses. There are certain economic indicators that do not apply to individual companies, but influence their economical forecasts. Such factors as inflation and unemployment rate pertain to an industry or region and such factors as political instability or any force major conditions will affect the market analyses even they are not an
Pfizer, Inc.
March 14, 2005
Abstract
This paper is a Macroeconomic Forecast Outline of Pfizer, Inc. This outline will identify main economic indicators for Pfizer as a business entity and as a representative of pharmaceutical industry. This paper will identify sources of various data collected based on economical activity and relationships between different economical indicators.
Main Economic Indicators
The purpose of economic indicators is to provide for researchers and analysts the ability to interpreter economic data. Economic indicators are the main source of prediction of market behavior. They are also detailed explanations of how to analyze various changes over a business cycle.
There are very many different economic indicators that are used to analyze economic activity of a company, industry, country, or region. There are three different general trends (directions for prices or rates) in the economy. "Those with predictive value are leading indicators; those occurring at the same time as the related economic activity are coincident indicators; and those that only become apparent after the activity are lagging indicators. Examples are unemployment, housing starts, Consumer Price Index, industrial production, bankruptcies, GDP, stock market prices, money supply changes, and housing starts also called business indicators." (http://www.investorwords.com/1643/economic_indicator.html)
This paper analyzes the main economic indicators related specifically to one of the largest pharmaceutical company Pfizer, Inc such as overall performance, revenue, net income, research and development, cost and expenses. There are certain economic indicators that do not apply to individual companies, but influence their economical forecasts. Such factors as inflation and unemployment rate pertain to an industry or region and such factors as political instability or any force major conditions will affect the market analyses even they are not an
References: Croushore, Dean. (1993). Introducing: The survey of professional surveyors. Business Review. November/December 1993. Croushore, Dean. (1999) How Useful Are Forecasts Of Corporate Profits? Business Review September/October 1999. Haver, Maurine. (2001). Statistics Update. NABE News, September/October 2001. InvestorWorlds.com. InvestorWorlds Web Site. http://www.investorwords.com Morrison, L. (2001). Handbook of Labor Market Information. Retrieved March 12, 2005 from www.gnb.ca Pfizer.com. Pfizer Inc., Web Site. http://www.pfizer.com Pfizer Inc., 2004 Financial Report. Downloaded online on 03/12/05 from http://www.pfizer.com/annualreport/2004/financial/financial2004.pdf Pfizer Inc., 2004 Annual Review. Downloaded online on 03/12/05 from http://www.pfizer.com/annualreport/2004/annual/review2004.pdf