econometrics definition

  • noun:
    • Application of mathematical and analytical ways to business economics within the study of dilemmas, the evaluation of information, together with development and testing of theories and models.
    • The branch of economics that applies analytical techniques to the empirical study of economic ideas and relationships.
    • the effective use of math and data into study of financial and economic data.
    • the effective use of math and statistics towards the study of financial and economic data

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