Is it true that Forecasts two or more periods ahead can be computed either by iterating forward a one-step-ahead model (an AR or a VAR) or by estimating a multiperiod-ahead regression?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
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Is it true that Forecasts two or more periods ahead can be computed either by iterating forward a one-step-ahead model (an AR or a VAR) or by estimating a multiperiod-ahead regression?

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Iterated- multi-period-ahead time series forecasts are made using a one period ahead model, iterated forward for the desired number of periods, while 'direct forecasts are made using a horizon specific estimated model, where the dependent variable is the multi-period ahead value predicted.

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