Econometric modeling is a branch of economics that uses statistical methods and mathematical techniques to analyze economic data. The primary goal of econometric modeling is to test hypotheses, make forecasts, and provide empirical support for economic theories by quantifying relationships between economic variables. Here are some key components and concepts related to econometric modeling: 1. **Economic Theory**: Econometric models are often built upon economic theories that suggest relationships between variables.
Articles by others on the same topic
There are currently no matching articles.