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Ideally, in forecasating what kind of correlations should exist between a set of independent variables? high correlation correlation less than -1 low correlation correlation greater
- Ideally, in forecasating what kind of correlations should exist between a set of independent variables?
| high correlation | |
| correlation less than -1 | |
| low correlation | |
| correlation greater than 1 |
- The variable which is used to forecast a variable of interest is referred as:
| exogenous variable | |
| dependent variable | |
| lagging variable | |
| endogenous variable |
- The variable which is being forecasted is referred as:
| independent variable | |
| exogenous variable | |
| explanatory variable | |
| endogenous variable |
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