Least Squares Method for Time Series Analysis in Economics

Abstract

Least squares approach of time series analysis of applications is observed in this paper with examples. A key technique for time series analysis in economics is the Least Squares Method. Its limitations require employment of more sophisticated econometric techniques for accurate analysis, despite the fact that it offers vital information on economic patterns and projections. Businesses, legislators, and economists can all make better decisions if they realise and use LSM suitably. The Least Squares Method can assist economists in developing policies and better managing budgets by drawing important conclusions from historical data.