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Forecasting Cigarette Consumption: The Causal Model Approach

Stephen F. Witt (Dr. Stephen F. Witt is Lecturer in Econometrics at the Management Centre, University of Bradford)
Christopher L. Pass (Dr. Christopher L. Pass is Lecturer in Managerial Economics at the Management Centre, University of Bradford)

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 March 1983

182

Abstract

The “causal model” approach to business forecasting attempts to discover, mainly on the basis of economic knowledge, those variables which appear to have influenced the forecast variable in the past, and then estimates by econometric methods the quantitative relationship between the causal and forecast variables. Future values of the forecast variable are then obtained by using forecasts of the causal variables in conjunction with the estimated relationship.

Citation

Witt, S.F. and Pass, C.L. (1983), "Forecasting Cigarette Consumption: The Causal Model Approach", International Journal of Social Economics, Vol. 10 No. 3, pp. 18-33. https://doi.org/10.1108/eb013936

Publisher

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MCB UP Ltd

Copyright © 1983, MCB UP Limited

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