econometrics wikipedia - EAS
- See moreSee all on Wikipediahttps://en.wikipedia.org › wiki › Econometrics
Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by
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See moreA basic tool for econometrics is the multiple linear regression model. In modern econometrics, other statistical tools are frequently used, but linear regression is still the most frequently used starting point for an
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See moreApplied econometrics uses theoretical econometrics and real-world data for assessing economic theories, developing econometric models, analysing economic history, and forecasting.
Econometrics may use standard statistical models to...
See moreThe main journals that publish work in econometrics are Econometrica, the Journal of Econometrics, The Review of Economics and Statistics
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See moreEconometric theory uses statistical theory and mathematical statistics to evaluate and develop econometric methods. Econometricians try to find estimators that have desirable statistical properties including unbiasedness, efficiency, and consistency.
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See moreA simple example of a relationship in econometrics from the field of labour economics is:
This example assumes that the natural logarithm of...
See moreLike other forms of statistical analysis, badly specified econometric models may show a spurious relationship where two variables are correlated but causally unrelated. In a study of the
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See moreWikipedia text under CC-BY-SA license - https://simple.wikipedia.org › wiki › Econometrics
Econometrics. Econometrics is a branch of economics. It is the use of statistical and mathematical methods to describe the relation between economic forces such as capital (any of the tools, work, or other things needed to make something useful), interest rates (the price of borrowing money), and labor . Much of econometrics is making models ...
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- https://en.wikipedia.org › wiki › Methodology_of_Econometrics
The methodology of econometrics is the study of the range of differing approaches to undertaking econometric analysis.
Commonly distinguished differing approaches that have been identified and studied include:
• the Cowles Commission approach
• the vector autoregression approachWikipedia · Text under CC-BY-SA license- Estimated Reading Time: 8 mins
- https://en.wikipedia.org › wiki › Category:Econometrics
The main article for this category is Econometrics. Econometrics literally means "economic measurement". It is the branch of economics that applies statistical methods to the empirical study of economic theories and relationships. It is a combination of mathematical economics, economic statistics, and economic theory.
- https://en.wikipedia.org › wiki › Financial_econometrics
Financial econometrics is a branch of financial economics, in the field of economics. Areas of study include capital markets, financial institutions, corporate finance and corporate governance. Topics often revolve around asset valuation of individual stocks, bonds, derivatives, currencies and other financial instruments.
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- https://en.wikipedia.org › wiki › Spatial_econometrics
Spatial econometrics is the field where spatial analysis and econometrics intersect. The term “spatial econometrics” was introduced for the first time by the Belgian economist Jean Paelinck (universally recognised as the father of the discipline) in the general address he delivered to the annual meeting of the Dutch Statistical Association in May 1974 (Paelinck and Klaassen, 1979).
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