text: A landmark paper in this field by C.W.J. Granger establishes rules for identifying causality and feedback between two parameters.
full_question: A landmark paper in this field by C.W.J. Granger establishes rules for identifying causality and feedback between two parameters. Many ARMA models within time series analysis in this field display a breakpoint in the year 1973. The accuracy of “macro” models in this field was called into question by the Lucas Critique. Jan Tinbergen and Ragnar Frisch shared a Nobel Prize for their co-development of this field, which uses statistical methods to forecast trends in employment and growth. For 10 points, name this mathematical subfield of economics.
first_sentence: A landmark paper in this field by C.W.J. Granger establishes rules for identifying causality and feedback between two parameters.