Economy, asked by aayush95, 1 year ago

define econometrics?

Answers

Answered by bhramanand72

the branch of economics concerned with the use of mathematical methods (especially statistics) in describing economic systems.

aayush95: give me a long defination

bhramanand72: Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference".

aayush95: thanks

bhramanand72: ok

aayush95: aur jada badi honi chahiya

aayush95: 1pqge ki

bhramanand72: ok

bhramanand72: Ye question Phir se pucho

aayush95: ok

Answered by omololaatoba

Econometrics is the study of the combination of economics and mathematics

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