Statistical modeling is a quantitative forecasting technique that attempts to discover causal or at least explanatory factors that link two or more time series together.

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Statistical modeling is a technique used to find relationships between variables, specifically to predict one variable based on one or more other variables. This is usually done using mathematical equations, models, or algorithms, and it helps researchers to understand the underlying mechanisms that relate the variables in question. Therefore, this technique attempts to discover causal or at least explanatory factors that link two or more time series together.

Statistical Modeling Is a Quantitative Forecasting Technique That Attempts to Discover