The Composite Index of Leading Economic Indicators: How to Make It More Timely. Robert H. McGuckin, Ataman Ozyildirim, Victor Zarnowitz. A major shortcoming of the U.S. leading index is that it does not use the most recent information for stock prices and yield spreads. The index methodology ignores these data in favor of a time-consistent set of components (i.e., all of the components must refer to the previous month).
Definition of transfigure. transfigured. ; transfiguring. transitive verb. : to give a new and typically exalted or spiritual appearance to : transform outwardly and usually for the better.
transform, metamorphose, transmute, convert, transmogrify, transfigure mean to change a thing into a different thing. transform implies a major change in form, nature, or function. transformed a small company into a corporate giant metamorphose suggests an abrupt or startling change induced by or as if by magic or a supernatural power.