Exam (elaborations)
Introduction to Basic Econometrics
- Institution
- Allen School Online
Introduction to Basic Econometrics. What is Econometrics? 1.1 Definition Econometrics is a mixture of economics, mathematics and statistics as illustrated in Figure 1.1.1. Figure 1.1.1 Economics, or economic theory, makes statements or hypotheses that are mostly qualitative in nature. Only eco...
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