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What is econometrics? The use of statistics to answer questions about the value of a business, a market, and a society. econometrics is the study of the statistical methods used to make that determination.
The term econometrics comes from the Latin word for “economics.” The term is used to describe the methodology used to answer questions about the value of a business, a market, or a society. econometrics is the field of mathematics that deals with the statistical methods used to answer questions about the value of a business, a market, or a society. The term econometrics is often used interchangeably with statistics.
The term econometrics was used in the 1960s by a group of economists known as “econometricians.” The term econometrics was used in the 1960s by a group of economists known as “econometricians.
The term econometrics was used in the 1960s by a group of economists known as econometricians. The term econometrics was used in the 1960s by a group of economists known as econometricians. In the 1920s, the term econometrics was used in the 1920s by a group of economists known as econometricians.
The econometrics movement grew out of the work of John von Neumann and Oskar Morgenstern, who studied the way economic data was collected, made available to statisticians, and used as inputs to economic models. They were also influenced by Richard Schoeman, a pioneer in the field of game theory, which had been published in the late 20th century, but had not yet become a popular topic of study as of the 1930s.
