INTRODUCTION
Econometrics defined as
“The social science in which the tools of economic theory,
mathematics, and statistical inference are applied to the
analysis of economic phenomena”
“Econometrics is concerned with the empirical
determination of economic laws ”
Collecting data for the variable of economic theory
Applying statistical tools on the data
Testing some hypothesis and drawn some conclusion
that is helpful in the policy making.
Econometrics defined as
“The social science in which the tools of economic theory,
mathematics, and statistical inference are applied to the
analysis of economic phenomena”
“Econometrics is concerned with the empirical
determination of economic laws ”
Collecting data for the variable of economic theory
Applying statistical tools on the data
Testing some hypothesis and drawn some conclusion
that is helpful in the policy making.
