Econometric models can also be called:
A) judgmental models
B) time series models
C) causal models
D) environmetric models

Question

Quizplus · Accepted Answer

Econometric models are often used to establish causal relationships between different economic variables. Therefore, causal models are the most appropriate name for them. Judgmental models refer to models that rely heavily on expert opinions or subjective judgments rather than data and statistical analysis. Time series models specifically focus on the analysis of time series data. Environmetric models do not relate to econometric models at all and are a term that is not commonly used in the field of economics.

Econometric Models Can Also Be Called