Granger causality is a standard statistical technique for...

Granger causality is a standard statistical technique for determining whether one time series is useful in forecasting another. It is important to bear in mind that the term causality is used in a statistical sense, and not in a philosophical one of structural causation. More precisely a variable A is said to Granger cause B if knowing the time paths of B and A together improve the forecast of B based on its own time path, thus providing a measure of incremental predictability. In our case...