Title |
Forecasting and Econometric Models
|
Author |
Saul H. Hymans |
|
Category
|
Macroeconomics and Monetary Economics
|
Type |
Article |
Description |
An econometric model is one of the tools that economists use to forecast future developments in the economy. In the simplest terms, econometricians measure past relationships between variables such as consumer spending and gross national product, and then try to forecast how changes in some variables will affect the future course of others.
|
URL |
http://www.econlib.org/library/Enc/ForecastingandEconometricModels.html |
