Guidance about Forecasting

[atifdai313]

Dear Friends,

I need some help from you.
Suppose I have following model.

A=B+C+D+E+error.....................(1)
I am using time series data set from 2000 to 2014.
I need the estimated value of dependent variable A for year 2014.
My question is that if if I run regression model by using the data from 2000 to 2013 and then I just put the value of 2014 in that predicted value of A,is it true method?
Kindly guide me any appropriate way to estimate dependent variable A for year 2014.

I will be very thankful to you.

Best Regards.

[Woolsey]

You need to make a holdout sample, through altering the date of your data. Then after estimating equation you can click to forecast as one of the options at the top of the box containing the regression

[atifdai313]

Dear Thanks for your reply,

I am working on model ,which is Amalgam of "Econometrics and Input-Output". I am using following model.

A=B+C+D+E+error.....................(1)

I have data set from 2000 to 2014.
I get variable A from "Input-output" table and all rest of variables (B+C+D+E) from "WDI".
I have two objectives:
(1) Firstly want to estimate the impact of variable "B" on "A".But also adding some explanatory variables like (C+D+E).

(2) Secondly, I need the estimated value of A for year 2014. Actually, as I mentioned that variable A, I have extracted from "IO" table.So, I want to further use that estimated A variable for "IO" table for year 2014.

I am facing little bit confusion about the appropriate methodology to achieve my two objectives.

I will very thankful to you!!

Best Regards