= Minnesota functionals
{wiki=Minnesota_functionals}
Minnesota functionals refer to a specific type of statistical tool or model used primarily in economic contexts, particularly in the analysis of consumption and production behaviors. They are often associated with the work of economists from the University of Minnesota, especially in relation to economic growth and business cycles. One well-known application of Minnesota functionals is in the estimation of economic relationships using econometric models, where they are employed in conjunction with Bayesian methods.
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