Frankel's Method is a statistical technique used in the field of economics and finance to estimate the relationship between variables. It focuses on improving the accuracy of predictions by addressing issues like multicollinearity, where independent variables are highly correlated, which can distort results. This method involves transforming the data to create a more reliable model. By applying regression analysis and adjusting for potential biases, Frankel's Method helps researchers and analysts make better-informed decisions based on their findings. It is particularly useful in scenarios where traditional methods may fall short.