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.
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