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But naturalists regard the butterflies as a forward indicator of the health of the food chain.
"Antitrust is always going to be a lagging indicator rather than a forward indicator, and that was less of a problem when industries were changing more slowly than they are today".
He draws an analogy with some of the financial shenanigans that were seen in the Japanese corporate sector in the 1980s.The puzzle is that equities are also seen as a forward indicator of economic health.
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The drive to get people into home ownership is as good a sell signal for the housing market as any forward indicator.
New mortgage approvals for house purchase, a good forward indicator, climbed strongly in April.
Tobin's q is a forward looking indicator on investment opportunities and on market power of firms that energy regulators can use for more effective regulation.
The market is considered a forward looking indicator, and the private sector seems poised to stand on its own and no longer require the extreme measures it needed from the federal government.
Many conservatives, including the publisher Steve Forbes and Larry Kudlow of CNBC, always say that gold is the perfect forward indicator of inflationary expectations.
Partly, this was because the stock market is a forward-looking indicator and employment is a backward-looking indicator.
"It's not necessarily a forward-looking indicator".
That good news is tempered somewhat (as all good economic news must be) by the knowledge that job vacancies is a forward-looking indicator.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com