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Econometrics is an individual branch of economics, including the application of mathematics, statistical, and computer science to the economic data. It is used to test and quantify economic theories to solve economic problems. The main aim of econometrics is to convert qualitative statements into quantitative statements. We can use econometric methods in many branches of economics such as Labour Economics, Microeconomics & macroeconomics. Econometrics will help you to analyze the data of a business. What is Econometrics? www.statanalytica.com
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Economists use some tools to inform public policy debates, make business decisions, and forecast future events. They apply these econometric tools in different areas such as :- • Econometrics measure the association between insurance coverage and individual health outcomes. • Deriving the effect of dividend statements on stock market prices and investor behavior. • Econometrics is also helpful to predict the revenues increases in response to a marketing campaign. • Econometrics calculate the impact of an organization’s tax credits on Research and Deployment expenditure. Students Should Know The Uses, Models, Methodology, And Scope Of Econometric www.statanalytica.com
The economic model and econometric model • Classical linear regression assumptions • Ordinary least squares (OLS) estimation • Statistical inferences • Generalized least squares (GLS) estimation • Instrumental variable (IV) regression • Time-series regression • Panel regression model • Review of probability and statistics • Regression Equation • Regression with panel data topics of Econometrics that covered by Econometric Assignment Help Experts www.statanalytica.com
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