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12 October, 10:19

If an economist is trying to predict the outcome from particular causes and effects, what is the best tool (s) for her to use in order to test out her economic model?

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  1. 12 October, 10:41
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    Answer: Mathematical functions

    Explanation:

    Many models use mathematical functions in order to investigate, theorize, and fit theories into economic situations. Economic models have two functions: to simplify and abstract from observed data, and also, to serve as a selection means for data based on a paradigm of econometric study.
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