THE STRUCTURE OF ECONOMIC AND STATISTICAL MODELS IN (ECONOMETRICS)

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Zainulabdeen Hasan Shamkhi, Assist. Prof. Dr. Dildar Haydar Ahmed

Vol 18, No 8 ( 2023 )   |  Licensing: CC 4.0   |   Pg no: 141-156   |   Published on: 23-08-2023

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Abstract
Since contemporary trends in economics are among the tools of economic modeling, it began to create macroeconomic models that represent the appropriate scientific framework for policy analysis and prediction of the course of economic variables by proposing new techniques in characterization, forecasting, testing, forecasting and policy evaluation. Assist decision-makers, policy and plan makers in the government sector and NGOs with important information and data on inputs and proposed plans to be made, expected results and returns from policies, laws and decisions.

Keywords:
Contemporary Trends in Economics, Macroeconomics, Statistical Standards, Econometrics

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