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What is Univariate vs Multivariate Forecasting about?

Usually, multivariate forecasting methods rely on models in the statistical sense of the word, though there have been some attempts at generalizing extrapolation methods to the multivariate case. This does not necessarily imply that these methods rely on models in the economic sense of the word. Rather, one may classify multivariate methods with regard to whether they are atheoretical, such as time-series models, or structural or theory-based. Words can be confusing, however, as the so-called ‘structu

Author

mg199224

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EN