Explain the econometric method of forecasting, Microeconomics

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Explain the econometric method of forecasting

Problem

Explain the econometric method of forecasting and describe the process from specifying the econometric equation to having the final results of forecasted variables. How would you rank the econometric models among the rest of the forecasting models and why?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain the econometric method of forecasting

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