A simple statistical model that assumes that the value of a variable at any date depends just on its own past values plus an error term is known as a
A)vector autoregression (VAR) model.
B)univariate time-series model.
C)structural VAR model.
D)structural equilibrium model.

Question

Quizplus · Accepted Answer

A univariate time-series model assumes that the value of a variable at any given time depends only on its own past values and an error term. The other options refer to more complex models that incorporate additional variables or structural relationships.

A Simple Statistical Model That Assumes That the Value of a Variable