Large-scale macroeconometric model
id:
large-scale-macroeconometric-model-193-1859903
title:
Large-scale macroeconometric model
text:
Following the development of Keynesian economics, applied economics began developing forecasting models based on economic data including national income and product accounting data. In contrast with typical textbook models, these large-scale macroeconometric models used large amounts of data and based forecasts on past correlations instead of theoretical relations. These models estimated the relations between different macroeconomic variables using regression analysis on time series data. These
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Large-scale_macroeconometric_model
date created:
date modified:
2022-01-14T14:08:48Z
main entity:
{"identifier":"Q6489011","url":"https://www.wikidata.org/entity/Q6489011"}
image:
fields total:
13
integrity:
13