Economic Variable

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Economic Variable

Any data accounted for in an economic model. An economic variable is any measurement that helps to determine how an economy functions. Examples include population, poverty rate, inflation, and available resources. See also: Indicator.
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TRANSFORMATION OF ECONOMIC VARIABLES AND AGREEMENT WITH THE FUND
psychological health, well-being, life satisfaction), economic variables (e.
The MA model, incorporating economic variables consistent with the NAHB's forecasts (including housing starts in the election quarter), predicts that President Bush will capture a solid majority of the popular vote in November.
Clearly, if one can find economic variables that behave very differently depending on which case is correct, these variables can be used to help settle the issue.
The Activity Index includes five economic variables, namely the index for industrial production, the number of hours worked for employees in the public sector, sales in the retail trade, and imports and exports of goods.
Although this assumption has utility for devising economic models, economic variables, unlike the variables of physical theory, do not have univocal measures.
CCVT is made up of growers, University of California scientists and consultants using the Biologically Integrated Farming Systems (BIFS) extension model--a team approach including on-farm demonstrations, monitoring of key biological and economic variables and farmer-to-farmer information flow.
But data on some economic variables is subject to significant revisions over time, and so the use of revised data in the test for efficiency is questionable, since revised data would not have been known to the respondents at the time they made their forecasts.
But newer evidence supports the intertemporal CAPM (I-CAPM) theory (Merton 1973), which suggests that the premium on any risky asset is related not only to market risk but also to additional economic variables.
Summary statistics for the sample banks and economic variables are reported in Table 1.
Ratings on the index are based on an analysis of 50 different economic variables grouped into 10 broad categories, including trade policy, government intervention and regulation.
This article suggests that explicitly incorporating economic variables into the forecasting process can improve the ability of such systems to manage risk by providing a delineation between risk associated with changes in economic activity and that attributable to other shocks and discontinuities.