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Many computer-based analytical models for decision-making and forecasting have been developed in recent years, particularly in the areas of economics and finance. Analytic models have an important limitation which has restricted their use: a model cannot anticipate every factor that may be important in making a decision. Some analysts attempt to compensate(More)
A “macroeconometric model” is a mathematical representation of a nation's economic behavior. Typically, such models are a collection of equations developed by using multiple regression to determine the coefficients of linear relationships hypothesized by economic theory. Macroeconometric models are used primarily for forecasting purposes. In(More)
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