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Nesterboy [21]
3 years ago
5

Econometric models are used to predict future economic activity

English
1 answer:
masya89 [10]3 years ago
3 0
Answer: Econometric models describe statistical relationships between economic variables. By extrapolating these relationships into the future, econometric models can be used for prediction. The relative weight given to judgment and econometric analysis depends on how unique the forecasting period is expected to be.
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