I tried looking this question up on google and didn't find material that answered my question. But my questions are:
(1) Is there a method to determine how long it takes a leading indicator to affect a variable ? So if we are looking at the affects of oil production on sales, when oil drops how long does it take to affect sales.
Could I use survival analysis for this? This seems related but in a biological context
(2) Can we measure the degree to which oil production affects sales? If oil production drops by 10% it affects sales by 17%.
(3) What's the best way to determine the most important leading indicator? Univariate regression and compare models?
(4) Is there a package in R that could be used for this?