Econometrics is the application of statistical techniques to comprehend economic issues and test theories. Without evidence, economic theories are mere ideas and might have no bearing on reality. Econometrics is a set of tools that can be used to prove a theory with real-world data. Econometrics is a specialized branch of statistics that focuses on measuring quantities arising in economics. So, the primary goal of econometrics is to prove a prediction.
Targeted Age Group:: all audiences
Heat/Violence Level: Heat Level 1 – G Rated Clean Read
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Econometrics is a field of economics. This book is a good summary of econometrics courses taught at MBA level.
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