Error Correction Model

[lch93lily]

Hi all

Anyone knows if Vensim can simulate the effects of an Error Correction Model (ECM) - an Econometrics model?

[tomfid]

Yes - though again, the continuous time, behavioral approach in system dynamics is generally far superior to the typical discrete time econometric notation for the same problem.

[tomfid]

This is also relevant to economic models:
http://blog.metasd.com/2014/06/early-ec ... celerator/

[lch93lily]

Thank you for the advice Tom.

I have left another note on the other thread for your follow up.

Will read up the paper in the meantime, to find out what's wrong.

Thank you!