Econometric modeling comprises calculations and statistical computations which predict effects of future changes on the market. Econometric modeling can also be described as the measure of "past relationships among such variables as consumer spending, household income, tax rates, interest rates, employment, and the. like "which are then plugged in to formulas and modified in order to identify the resultant changes include econometric modeling, calculations and statistical calculations to predict the impact of future changes in the market. Econometric modeling can also be described as a measure of. "The relationship between the past such as consumer spending, household income tax rates, interest rates, employment.
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