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Introduction. These are a body of techniques which rely primarily on the statistical properties of the data, either in isolated single series or in groups of series, and do not exploit our understanding of the working of the economy at all. . . The objective is not to build models which are a good representation of the economy with all its complex interconnections, but rather to build simple models which capture the time series behaviour of the data and may be used to provide an adequate basis f33171

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