Econometric Theory Unveiled : Building Blocks for Effective Economic Analysis
This study examines the effectiveness of econometric models in quantifying relationships between economic variables and improving forecast accuracy. By integrating economic theory, mathematics and statistics, the models analyzed reveal significant correlations between price, demand and income, val...
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| Main Author: | |
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| Format: | Article |
| Language: | fra |
| Published: |
UNIVERSITE FELIX FOUPHOUET BOIGNY- COTE D'IVOIRE
2024-12-01
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| Series: | Pensées Genre, Penser Autrement |
| Subjects: | |
| Online Access: | https://www.rass-pgpa.org/wp-content/uploads/2024/12/V4N501-1.pdf |
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| Summary: | This study examines the effectiveness of econometric models in quantifying relationships between
economic variables and improving forecast accuracy. By integrating economic theory, mathematics and statistics,
the models analyzed reveal significant correlations between price, demand and income, validating the initial
hypotheses. The results show that these models provide reliable estimates for economic decision-making,
supported by statistical tests that confirm the robustness of the predictions. Despite certain limitations, such as
collinearity and autocorrelation, the models used demonstrate a solid ability to anticipate economic trends. The
study also proposes ways of refining these models by incorporating additional variables, thereby strengthening
their relevance for economic analysis in an evolving context.
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| ISSN: | 2788-8495 2957-3564 |