Difference between revisions of "Macroeconometric model"
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Revision as of 17:38, 2 July 2020
Macroeconometric model is a model that uses data and statistical techniques to describe the economy quantitatively, rather than just qualitatively.
Definition
According to Macroeconomics by Mankiw (7th edition),
- [Macroeconometric model]]. A model that uses data and statistical techniques to describe the economy quantitatively, rather than just qualitatively.
