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.
The word transmutation came into use because of the tradition of Alchemy, and is derived from Latin roots. The implications of the word transmutation are far beyond what most esoteric traditions attribute to it. Trans means âthoroughly,â and mutare means âchange.â To transmute means to completely change something.