Econometric modeling process provides an opportunity for policy effects’ quantification of effects. In the short term predictions carry significant market data, while the medium-term projections show possible trends.

The prediction significantly differs from the forecast. The goal is not to give an accurate picture about monitored indicators on a short-term horizon but to outline the trend for certain presumptions and assumptions about the future. Hence, modeling provides a tool to compare different scenarios and assessment of their effects, and measurability for the resources needed to achieve set goals.