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econometric modelA set of equations that have been estimated by econometric methods and that are then used, together, to forecast the economy or to calculate effects of changes in the economy. Thus, an economic model [..]
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econometric modelDefinition A set of equations that have been estimated by econometric methods and that are then used, together, to forecast the economy or to calculate effects of changes in the economy. Thus, an econ [..]
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econometric modela set of related equations used to analyze economic data through mathematical and statistical techniques. Such models are devised to depict the essential quantitative relationships that determine the behavior of output, income, employment, and prices. Econometric models are used for forecasting, for estimating the likely quantitative impact of al [..]
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econometric modelThe application of mathematical formulas and statistical techniques to the testing and quantifying of economic theories and the solution of economic problems.
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econometric modelAn equation relating the dependent variable to a set of explanatory variables and unobserved disturbances, where unknown population parameters determine the ceteris paribus
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econometric modelAn economic model formulated so that its parameters can be estimated if one makes the assumption that the model is correct.
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