Econometric forecasting models,also called causal models,use regression to forecast a time series variable by using other explanatory time series variables.

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Econometric forecasting models, indeed referred to as causal models, utilize regression analysis to predict the behavior of a dependent time series variable based on the behavior of one or more independent explanatory time series variables. This approach is grounded in the assumption that there is a causal relationship between the variables.

Econometric Forecasting Models,also Called Causal Models,use Regression to Forecast a Time