Question: . Explain how the econometric model approach to forecasting could be used to examine various what if questions about the future. 2 . Describe the

. Explain how the econometric model approach to forecasting could be used to examine various what if questions about the future.
2. Describe the data requirements that must be met if regression analysis is to provide a useful basis for forecasting.
3. Cite some examples of forecasting problems that might be addressed using regression analysis of complex multiple-equation systems of economic relations.
4. Why do we require that a time series be stationary in order to apply ARMA modelling?

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