According to the Complex Systems Approach to Macro Economics and Its

question 17

Essay

According to the complex systems approach to macro economics and its dynamic assumptions of learning procedures,what will cause fluctuations in the aggregate economy?

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Definitions:

Exponential Smoothing Model

A forecasting technique that applies decreasing weights to past observations as they recede into the past.

Level Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted as alpha (α).

RMSE

Root Mean Square Error, a measure of the magnitude of differences between values predicted by a model or an estimator and the values observed.