Book Description

"Ceteris Paribus" is a natural response to conjunctural economic decisions. The unicist ontology of evolution provided the structural conceptual tools to develop economic applications. Unicist econometrics provides the structural knowledge to build long-term economic forecasts and short-term analysis to predict evolution. It destroys the "ceteris paribus" thinking as a fallacious short cut to develop solutions that sound logical. Unicist Econometrics provides the reliable models to diagnose and influence micro and macroeconomics, melting their boundaries in a sole unified field: human's economic behavior. The integration of the unicist approach with conventional econometrics made diagnostics of countries, markets and businesses highly reliable. While Fundamentals provide the limits of the actual possibilities and catalyze trends, Technical Analysis provides the information that ensures short-term prognostics and the monitoring of the triggers and drivers of evolution. The unicist approach helps to define the possibilities and conventional econometrics defines the operational probabilities. Unicist Econometrics solved the limitation of the dualistic approach of econometrics. It included an integrative dimension based on the unicist ontology of evolution that made an approach to the nature of economics possible. It includes the unicist ontology of price elasticity of demand that has been researched to influence its nature.