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Originally Posted by Monk
Too much econometrics. We should stick to macro-economic fundamentals and economic structure and important issues in this regard.
Sameer, you are frightening everyone.   |
Well all those nice and simple macro economic equations rely on econometrics, this was how the relationship can be checked and maintained.
For example Klein has developed a 300 simultaneous equation system for the Indian economy, his growth rate forecast extended to 2005 (started 1998), he was right on the money minus 2003 when bad monsoons hit.