define econometrics?
Answers
Answered by
3
the branch of economics concerned with the use of mathematical methods (especially statistics) in describing economic systems.
aayush95:
give me a long defination
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".
thanks
ok
aur jada badi honi chahiya
1pqge ki
ok
Ye question Phir se pucho
ok
Answered by
0
Econometrics is the study of the combination of economics and mathematics
Similar questions