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palebadgworthy

Data patterns and econometrics help economists make forecasts, which are also called predictions.

Repeated patterns are inherent to the economic science and data storage allows to keep and analyze them. In order to do so, the statistical and mathematical models defined by the econometric science are the instruments that will make posible to recognize those pattenrs and to infer predictions and causal relationships.

ogorwyne

Data analysis is the way that economists make forecasts.

What is forecasting in Economics?

This is a way that economists are able to make predictions concerning economic decisions given the results that they have made from economic analysis.

In economics they make use of econometric tools as a way of carrying out these analysis.

Read more on forecasting here:https://brainly.com/question/19551705

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