Econometric Methods:

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Trend Projection Method:

Econometric Methods:

Econometric methods combine statistical tools with economic theories for forecasting. [1]
The forecasts made by this method are very reliable than any other method.

An econometric model consists of two types of methods namely,
regression model
simultaneous equations model.







Reference -

[1] http://www.economicsdiscussion.net/demand-forecasting/techniques-of-demand-forecasting-survey-and-statistical-methods/3611