What Is Econometrics

Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. Evidence suggests, What is econometrics? Econometrics is a combination of three different fields: economics, statistics and mathematics. Analysis reveals, Econometrics is a branch of economics that applies statistical methods and mathematical models to analyze economic data. Findings demonstrate, Econometrics, the statistical and mathematical analysis of economic relationships, often serving as a basis for economic forecasting. These findings regarding What Is Econometrics provide comprehensive context for understanding this subject.