can we make a econometric model of population?
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The econometric forecasting model is a tool that reveals relationships among economic variables to forecast future developments. The concept introduces this term by briefly describing the development and history of the model and exploring its strengths and weaknesses.
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with such a small number of observations, you can not introduce too much variables in your regression... However, you still can run a regression, but pay attention to the degress of freedom. And yes, look at the p-values... But remember that your results may not be very reliable due to the number of observations that you use.
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