QRB 501 Week 2 DQ 2

DQ2-Week 2: Please respond to this discussion question by Saturday (Day 5):

Access http://www.conference-board.org/economics/ConsumerConfidence.cfm. This is an index based on how people feel about the economy. All indexes are created in a similar fashion. A base is first selected. In this case, the base was 1985 and set at 100. Thus, if the index was at 57.2 in May 2008, and in October 1992 the index was at 54.6, are people feeling better or worse in 2008 than they did in 1992? If the index was at 62.8 in April 2008, what does that mean for May 2008?