Our project is mainly focused on turning raw economic data into an actionable insight of analyzing how humans feel about the economy simply by employing a known economic indicators. After evaluating multiple methods, the algorithm using OLS regression on scaled monthly data suggested that the consumer's inflation expectation is strongly correlated with current price of good and overall longterm cost of financing.

https://github.com/noahlove/data-mining-final/blob/main/Final%20Project%20Report.pdf

The data sets are difficult to keep track of by themselves. They have to each be downloaded separately. As a result, each is listed here for reference:

consumer_price_index_urban: Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (CPIAUCSL) https://fred.stlouisfed.org/series/CPIAUCSL

inflation_expectation: University of Michigan: Inflation Expectation (MICH)

ten_year_treasury: 10-Year Treasury Constant Maturity Rate (DGS10)

https://fred.stlouisfed.org/series/DGS10

ten_minus_two_treasury: 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity (T10Y2Y)

https://fred.stlouisfed.org/series/T10Y2Y

ten_minus_three_months_treasury: 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity (T10Y3M)

https://fred.stlouisfed.org/series/T10Y3M

unemployment_rate: Unemployment Rate (UNRATE)

https://fred.stlouisfed.org/series/UNRATE

real_gdp: Real Gross Domestic Product (GDPC1) https://fred.stlouisfed.org/series/GDPC1

eff_fed_funds_rate: Effective Federal Funds Rate (FEDFUNDS)

https://fred.stlouisfed.org/series/FEDFUNDS

gdp: Gross Domestic Product (GDP)

https://fred.stlouisfed.org/series/GDP

thirty_year_fixed_mortgage: 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US)

https://fred.stlouisfed.org/series/MORTGAGE30US

velocity_of_mtwo: Velocity of M2 Money Stock (M2V)

https://fred.stlouisfed.org/series/M2V

s_and_p: S&P/Case-Shiller U.S. National Home Price Index (CSUSHPINSA)

https://fred.stlouisfed.org/series/CSUSHPINSA

m_one: M1 Money Stock (M1SL)

https://fred.stlouisfed.org/series/M1SL

m_two: M2 Money Stock (M2SL)

https://fred.stlouisfed.org/series/M2SL

federal_debt_percent_of_gdp: Federal Debt: Total Public Debt as Percent of Gross Domestic Product (GFDEGDQ188S)

https://fred.stlouisfed.org/series/GFDEGDQ188S

all_employees_minus_farmers: All Employees, Total Nonfarm (PAYEMS)

https://fred.stlouisfed.org/series/PAYEMS

personal_savings_rate: Personal Saving Rate (PSAVERT)

https://fred.stlouisfed.org/series/PSAVERT

aaa_corporate_bond_yield: Moody's Seasoned Aaa Corporate Bond Yield (AAA)

https://fred.stlouisfed.org/series/AAA

personal_consumption_expenditures: Personal Consumption Expenditures (PCE)

https://fred.stlouisfed.org/series/PCE

industrial_production_index: Industrial Production: Total Index (INDPRO)

https://fred.stlouisfed.org/series/INDPRO

federal_debt_total: Federal Debt: Total Public Debt (GFDEBTN)

https://fred.stlouisfed.org/series/GFDEBTN

labor_force_participation_rate: Labor Force Participation Rate (CIVPART)

https://fred.stlouisfed.org/series/CIVPART

consumer_price_index_nationwide: Consumer Price Index: Total All Items for the United States (CPALTT01USM657N)

https://fred.stlouisfed.org/series/CPALTT01USM657N

gold_price: Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market, based in U.S. Dollars (GOLDAMGBD228NLBM)

https://fred.stlouisfed.org/series/GOLDAMGBD228NLBM

m_three: M3 for the United States (MABMM301USM189S)

https://fred.stlouisfed.org/series/MABMM301USM189S

real_gdp_per_capita: Real gross domestic product per capita (A939RX0Q048SBEA)

https://fred.stlouisfed.org/series/A939RX0Q048SBEA

federal_surplus_or_deficit: Federal Surplus or Deficit [-] (FYFSD)

https://fred.stlouisfed.org/series/FYFSD

house_price_index_nationwide: All-Transactions House Price Index for the United States (USSTHPI)

https://fred.stlouisfed.org/series/USSTHPI

total_vehicle_sales: Total Vehicle Sales (TOTALSA)